The package focuses on a Russian-origin diamond import ban as well as imposing additional import and export bans on Russia, combating sanctions circumvention and closing loopholes, it said.
The situation regarding the United States debt limit and the potential for the US government to default on its financial obligations undermines the ability of the G7 countries to shape the world, a senior Biden official said.
As part of their larger joint statement scheduled for release next week at a summit in Hiroshima, G7 leaders are expected to express concern about China's use of "economic coercion"