Russian forces unleashed a barrage of missile attacks Sunday in Ukraine, including strikes on an apartment block and a kindergarten in Kyiv, as the U.S. and its major allies announced plans to impose a ban on gold from Russia to further isolate Moscow from global markets.
President Biden announced the gold ban after arriving Sunday in Germany ahead of this week’s Group of Seven (G7) summit of leaders from several of the world’s biggest economies.
Mr. Biden and his counterparts from Germany, France, Italy, the United Kingdom, Japan and Canada are expected to use the summit to announce increased sanctions on Russia over its months-old Ukraine invasion, while also pushing unity among democracies to counter the global influence of autocracies like China and Russia.