G7 leaders agree to step up measures to counter evasion of Russian oil price caps

G7 leaders agreed May 19 to step up measures to counter the evasion of price caps on Russian oil exports and the ability of Russian banks to sidestep financial sanctions through foreign subsidiaries. In a joint statement on Ukraine, G7 leaders meeting in Hiroshima, Japan, renewed their support for Ukraine for “as long as it takes” and agreed to ramp…