G7 nations have agreed to step up efforts to prevent Russia from evading sanctions imposed after its invasion of Ukraine. The group plans to increase costs for Russian ships that skirt sanctions and intensify measures to prevent financial institutions from supporting Russia's evasion of sanctions. The agreement aims to limit Russian petroleum sales and revenues without causing global oil prices to soar.

Source: https://www.themoscowtimes.com/2024/10/27/g7-agrees-new-steps-to-curb-russian-sanctions-evasion-a86818