G7 leaders meeting in Évian-les-Bains, France, reached a consensus that Russia is not winning its war against Ukraine, according to Ukrainian President Volodymyr Zelenskiy. The announcement, made on June 16, came alongside discussions about implementing a new wave of sanctions aimed at Russia’s energy exports, banking system, and military production capabilities.
The war is now in its fifth year since Russia’s full-scale invasion began in February 2022.
What the G7 actually agreed on
Zelenskiy told reporters that G7 leaders acknowledged Russia is experiencing significant personnel losses and has lost strategic initiative on multiple fronts.
The proposed sanctions would target three pillars of Russia’s war economy: energy exports, which remain Moscow’s primary revenue lifeline; its banking infrastructure, which processes those revenues; and its military production sector, which converts rubles into rockets.
