The White House on June 11 said new measures will be announced to punish Russia for its aggression against Ukraine when the Groupof Seven (G7) meets this week, including action on the use of frozen Russian assets to aid Kyiv. "We will announce new steps to unlock the value of the immobilized Russian sovereign assets to benefit Ukraine," National Security Council spokesman John Kirby told reporters. Kirby said Washington will also announce new sanctions and export controls against Russia during the June 13-15 summit in Italy. The West has been looking for ways to utilize interest income from frozen Russian state assets to shore up Ukraine's finances. "We're going to continue to drive up costs for the Russian war machine," Kirby said.
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