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SEOUL -- Russian President Vladimir Putin will kick off his first trip to North Korea in 24 years on Tuesday as he seeks to bolster the countries' ties in the face of Western sanctions over the war in Ukraine.
Washington claims these components pose a national security risk if used by China to build competing technology.
Pope Francis made an historic appearance at the Group of Seven summit on Friday to speak about the pros and cons of artificial intelligence, while G7 leaders also pledged to tackle what they said were harmful business practices by China.
Japan’s Prime Minister Fumio Kishida is about to announce sanctions on Chinese companies suspected of assisting Russia’s war in Ukraine, government sources say, even with Kishida yet to unveil the plan at the G7 summit in Italy.
For two years, Western allies have debated how to deal with $300 billion in frozen Russian assets. The G7 leaders, who will meet beginning today in Italy, seem on the brink of announcing a compromise.
New U.S. sanctions against Russia will shut down trading in dollars and euros on its leading financial marketplace, the Moscow Exchange, the bourse and the central bank said on Wednesday.
The Biden administration announced a series of new financial sanctions Wednesday aimed at interrupting the fast-growing technology links between China and Russia that American officials believe are behind a broad effort to rebuild and modernize Russia’s military during its war with Ukraine.
