week of diplomacy. the ukrainian president expected to arrive at the g 7 summit soon and made a push to secure more military aid for his country s fight against russia. and biden in japan says he s not worried as he con fronts a crisis at home. debt ceiling talks stalling out even as the talks settle down with less than two weeks before the government could run out of money to pay its bills. plus, my conversation with the european president as day two of the g 7 summit gets underway. announcer: live from cnn center, this is cnn newsroom. welcome. world leaders at the g 7 summit in japan are tackling china s growing global influence and russia s war on ukraine. while a topic not officially on the agenda also looms large. allies keep asking u.s. president joe biden about the debt crisis back home. talks are stalled, and the white house accuses republicans of pushing the country to the brink of defaulting on it debts. meantime, as ukrainian president volodymyr zelenskyy is
in-person meeting with g7 leaders as the u.s. plans to announce more military aid to the country worth hundreds of millions of dollars. on again, off again as talks to extend the united states debt ceiling start and stop, the hope of a deal happening this weekend becomes dimmer. and syrian president bashar al assad welcomed at the arab league summit after a 12-year suspension. i ll talk to an expert on how he s being received. announcer: live from cnn center, this is cnn newsroom with laila harrak. ukrainian president volodymyr zelenskyy touched down in hiroshima, japan, just moments ago to take part in the g7 summit. it s the latest stop on his whirlwind diplomatic tour to boost support ahead of his country s expected counteroffensive against russian forces. cnn white house reporter kevin liptak joins me now live from hiroshima, japan. well, arguably the guest of honor has touched down. what kind of reception will he get? reporter: yeah, we did see him land here
this is extraordinary. and most importantly, we have cut completely russia s access to technologies. and we see already a degradation of a military base, their military industrial base. we see the effects on their economy. we see the shrinking revenues that russia has from its fossil fuels. for example, the oil price cap has a strong effect. and what we also see is, of course, if you have sanctions, there are always some who try to do a sanction circumvention or evasion. therefore, we now issue the 11th package of sanctions that focuses on circumventions. so we are discussing how to target companies, entities where we see literally that they buy goods in the european union and via a third country bring them to russia. but we also target the trends
packages of sanctions have a huge impact on the russian economy. we see that we have, for example, cut 120 billion euros of trade between the european union and russia. this is extraordinary, and most importantly, we have cut completely russia s access to technologies. and we see already degration of the military industrial base. we see effects on the economy. we see the shrinking revenues that russia has from its fossil fuels. for example, the oil price has a strong effect. and what we also see is of course that there is if you have sanctions, there are always some who try to do a sanctions sir invasion. and therefore we introduce the 1 packages of sanctions that focus