Russia Faces , Increased Sanctions , Following G7 Summit.br 'Newsweek' reports that the Group of Seven br (G7) has agreed to impose a new br wave of sanctions on Russia.br 'Newsweek' reports that the Group of Seven br (G7) has agreed to impose a new br wave of sanctions on Russia.br According to a senior Biden administration official, the new br sanctions are meant to isolate Moscow from the global br economy and restrict its access to military technology.br According to a senior Biden administration official, the new br sanctions are meant to isolate Moscow from the global br economy and restrict its access to military technology.br The official said the sanctions would close br loopholes on existing sanctions that allow br Moscow access to certain banned goods.br 'Newsweek' reports that the sanctions also br target Russia's energy sector and its br access to the international finance system. .br According to the unnamed official, G7 leaders br will also vow to keep Russian sovereign assets br frozen until the war is brought to an end.br According to the unnamed official, G7 leaders br will also vow to keep Russian sovereign assets br frozen until the war is brought to an end.br 'Newsweek' reports that Russia is facing sanctions on br technology like microchips that are necessary for developing br precision-guided munitions and advanced weapons.br 'Newsweek' reports that Russia is facing sanctions on br technology like microchips that are necessary for developing br precision-guided munitions and advanced weapons.br The U.S. is expected to take a number of additional br steps that target different sectors of the Russian economy br and more closely align with EU and U.K. sanctions.br The U.S. is expected to take a number of additional br steps that target different sectors of the Russian economy br and more closely align with EU and U.K. sanctions.br Bottom line, we're upping br the economic pressure on Russia, Anonymous Biden administration official, via 'Newsweek'.br The new wave of sanctions comes as Ukraine br prepares for a counteroffensive aimed at br reclaiming territory taken by Russia.br Meanwhile, Ukrainian President Volodymyr Zelensky br has continued to call on Western allies br to increase military aid for his country.