The G7 group has agreed to impose a price cap on Russian oil imports.

The Russian government has warned that it will suspend oil exports to states that impose a price cap on Russian energy resources.

Inflation reached yet another new record on Wednesday.

Tehran vehemently denounces an anti-Iranian statement made by the Group of Seven industrialized states.

This episode looks at how Ukraine is losing the war even if the US and allies have imposed more sanctions on Russia and given Ukraine immense military aid.

The Group of Seven (G7) countries have voiced unflinching support for Ukraine in the wake of Russia’s months-long military operation in the former Soviet state, pledging to impose further sanctions on Moscow over the offensive.

US National Security Advisor Jake Sullivan says Washington is finalizing a weapons package for Ukraine, including long-range air-defense missiles.

Russian President Vladimir Putin has blasted the West for trying to deflect blame for the skyrocketing inflation in Europe and the United States.

The UK recorded the highest inflation in the past four decades in May with food and energy prices pushing it up to 9.1 percent.

Ukraine's top diplomat has asked foreign ministers from the Group of Seven (G7) industrialized nations to appropriate Russian assets and rechannel them to Kiev for use to rebuild the conflict-stricken country.