G-7 leaders confer with Zelensky, prepare new aid for Ukraine

New aid and efforts to exact punishment on Moscow from the G-7 leaders come as Zelenskyy has openly worried that the West has become fatigued by the cost of war

Leading economic powers conferred by video link with Ukrainian President Volodymyr Zelensky on Monday as they underscored their commitment to Ukraine for the long haul with plans to pursue a price cap on Russian oil, raise tariffs on Russian goods and impose other new sanctions.

In addition, the U.S. was preparing to announce the purchase of an advanced surface-to-air missile system for Kyiv to help Ukraine fight back against Vladimir Putin’s aggression.

The new aid and efforts to exact punishment on Moscow from the Group of Seven leaders come as Zelenskyy has openly worried that the West has become fatigued by the cost of a war that is contributing to soaring energy costs and price hikes on essential goods around the globe.

Leaders were finalizing the deal to seek a price cap during their three-day G-7 summit in the German Alps. The details of how a price cap would work, as well as its impact on the Russian economy, were to be resolved by the G-7 finance ministers in the coming weeks and months, according to a senior administration official who spoke on the condition of anonymity to preview the announcements from the summit.

The largest democratic economies will also commit to raising tariffs on Russian imports to their countries, with the U.S. announcing new tariffs on 570 categories of goods, as well as use of sanctions to target Russia’s defense supply chains that support its effort to rearm during the war.

Biden is expected to announce the U.S, is purchasing NASAMS, a Norwegian-developed anti-aircraft system, to provide medium- to long-range defense, according to the person familiar with the matter, who spoke on the condition of anonymity. NASAMS is the same system used by the U.S. to protect the sensitive airspace around the White House and U.S. Capitol in Washington.

Additional aid includes more ammunition for Ukrainian artillery, as well as counter-battery radars, to support its efforts against the Russian assault in the Donbas, the person said. Biden is also announcing a $7.5 billion commitment to help Ukraine's government meet its expenses, as part of a drawdown of the $40 billion military and economic aid package he signed into law last month.