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Leaders hope the latest sanctions will further isolate Russia economically over its invasion of Ukraine.

Washington: The United States aims to raise $200 billion in private and public funds over five years to fund needed infrastructure in developing count...

Senior Biden administration officials said gold is Moscow's second largest export after energy, and that banning imports would make it more difficult for Russia to participate in global markets.

President Joe Biden on Sunday praised the continued unity of the global alliance confronting Russia, as he and other heads of the Group of Seven leading economies strategized on sustaining the pressure in their effort to isolate Moscow over its months-long invasion of Ukraine.

President Joe Biden is praising the global alliance confronting Russia over its war in Ukraine. Biden says the coalition of countries must ‘stay together.’ He says Russian President Vladimir Putin

President Joe Biden is praising the global alliance confronting Russia over its war in Ukraine

President Biden sought Sunday to rally America's major allies to stay unified against Russia's war in Ukraine while also announcing a new global infrastructure investment partnership among several of the world's largest U.S.-aligned economies to counter China's rising influence over Africa, Asia and Latin America.

Biden and his counterparts were meeting to discuss how to secure energy supplies and tackle inflation, aiming to keep fallout from the war from splintering the global coalition working to punish Moscow.

A new ban on Russian gold is the latest in a series of sanctions that the seven leading economies hope will further isolate Russia over its invasion of Ukraine.

Gold has been the top Russian export after energy in recent years, reaching almost €18 billion in 2020.