The Group of Seven (G7) nations need to impose harsher sanctions on Moscow in order to secure a ceasefire in the war against Ukraine, European Commission President Ursula von der Leyen and European Council President Antonio Costa said at the start of the G7 summit in Canada.

The G7 Leaders Summit kicked off on June 15 in Kananaskis, Canada, with official talks held June 16-17. While Ukraine hopes to win economic support and unified pressure against Russia, the rapidly escalating conflict between Israel and Iran may dominate this year's conference.

"To achieve peaceful strength we must put more pressure on Russia to secure a real ceasefire, to bring Russia to the negotiating table, and to end this war. Sanctions are critical to that end," von der Leyen said at a press briefing on June 15 attended by a Kyiv Independent journalist.  

Economic sanctions have been an effective intervention since the start of Russia's full-scale invasion, von der Leyen said. She noted that combined G7 and European Union sanctions have decreased Russian oil and gas revenues by nearly 80% since February 2022.

"(T)he sanctions are working, and we will do more," she said.

Von der Leyen urged the G7 to adapt the economic restrictions proposed in the EU's 18th sanctions package, announced on June 10. The new measures target Russia's energy and banking sectors and propose a further reduction in the oil price cap, bringing the cap down from $60 to $45 per barrel.

"I will invite all G7 partners to join us in this endeavor," she said.

With no new US aid packages on the horizon, can Ukraine continue to fight Russia?

The U.S. has not announced any military aid packages for Ukraine in almost five months, pushing Kyiv to seek new alternatives. But time is running out quickly as Russian troops slowly advance on the eastern front line and gear up for a new summer offensive. “While Ukraine’s dependence on

The Kyiv IndependentKateryna Hodunova

Costa echoed the call for sanctions and the necessity of economic pressure in order to achieve a ceasefire. Europe is committed to "increasing additional sanctions to cripple (Russia's) ability to wage war and pressing for an unconditional ceasefire," he said.

Europe's call for unity may meet with resistance from the United States, which has assumed a dramatically different posture towards Ukraine and Russia since President Donald Trump took office in January. Trump has not imposed any new sanctions against Russia, even Moscow blatantly obstructs peace efforts and escalates mass strikes against Ukrainian cities.

The U.S. also reportedly opposes lowering the G7 oil price cap — a measure first introduced in December 2022 that prohibits Western companies from shipping, insuring, or otherwise servicing Russian oil sold above $60 per barrel.

The price cap debate has become more urgent as oil prices, which had fallen below the $60 cap in recent months, surged following Israel's recent strikes against Iran.

Despite U.S. resistance, the EU and the United Kingdom — backed by other European G7 countries and Canada — have said they are prepared to move forward with the proposal, even without Washington's endorsement.

President Volodymyr Zelensky, on the other hand, has said the EU sanctions and proposed price cap drop don't go far enough. Zelensky on June 11 said the EU's 18th round of sanctions "could be stronger" and proposed further slashing the oil price cap to $30 per barrel.

"A ceiling of $45 per barrel of oil is better than $60, that's clear, that's true. But real peace will come with a ceiling of $30," he said. "That's the level that will really change the mindset in Moscow."

Zelensky and Trump are expected to meet on the sidelines of the G7 summit on June 17. The meeting will mark their third in-person encounter since Trump took office.

High stakes, low resolve: What Ukraine can expect from the upcoming G7 summit

As world leaders prepare to gather in the remote community of Kananaskis in Alberta, Canada for the Group of Seven (G7) Leaders’ Summit on June 15-17, Russia’s war in Ukraine once again holds center stage — but views on how to address the three-year conflict diverge sharply. In the five months

The Kyiv IndependentDmytro Basmat

The 18th package of European Union sanctions against Russia will include additional restrictions on energy, banking, oil, and other areas, European Commission President Ursula von der Leyen announced on June 10.

After the 17th package of sanctions against Russia came into effect on May 20, Ukraine's allies announced that the next package of restrictions was already in the works, after Moscow repeatedly refused to accept a ceasefire.

Russian troops also continue to advance slowly along the front line, approaching Ukraine's Dnipropetrovsk Oblast and moving deeper into Sumy Oblast.

"Russia's goal is not peace," von der Leyen said. "Strength is the only language that Russia will understand."

The EU has proposed for the first time a ban on transactions involving the Nord Stream 1 and Nord Stream 2 pipelines, as well as a reduction in the oil price cap from $60 to $45 per barrel, as one-third of Russia's government revenue still comes from oil exports, according to von der Leyen.

Von der Leyen added that the amendments to the oil price cap are a Group of Seven (G7) coalition measure, so it will be discussed at the G7 summit to be held on June 15-17 in Kananaskis County, located in the western province of Alberta, Canada.

The EU will also add 77 more shadow fleet vessels to comply with the cap to prevent Russia from circumventing sanctions and propose imposing a ban on imports of petroleum products made from Russian oil.

Another part of the sanctions will be aimed at the Russian banking sector, with the EU wanting to add 22 more Russian banks to the list of those who can no longer use the SWIFT international system.

The EU also proposes to extend the ban on transactions to financial operators in third countries that finance trade with Russia, bypassing sanctions, and to impose limitations on the Russian Direct Investment Fund, its subsidiaries, and investment projects.

Further EU restrictive measures will include a ban on exports worth more than 2.5 billion euros ($2.8 billion), which must deprive the Russian economy of critical technologies and industrial goods, von der Leyen said.

Machinery, metals, plastics, and chemicals used as raw materials for industry, as well as dual-use goods involved in the production of weapons and drones, will be affected, according to von der Leyen.

The European Commission President also emphasized that the EU wants its sanctions to be more effective. Thus, the EU would list another 22 Russian and foreign companies, including those from China and Belarus, providing direct or indirect support to Russia's military and industrial complex. These additions will bring the total number of sanctioned companies to over 800.

EU countries will start debating the proposal this week.

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European Commission President Ursula von der Leyen called on 29 May for Europe to build independence through increased defense spending and Ukrainian EU membership.

“The next great era, our next great unifying project must come from an independent Europe,” von der Leyen said during her speech for the Charlemagne Prize in Aachen, Germany. “To build an independent Europe, we must throw off our shackles.”

The Commission chief outlined four central tasks for European independence. These include securing peace through higher defense spending, strengthening innovation and competitiveness, expanding the bloc, and renewing democracy against internal and external threats.

Von der Leyen highlighted the bloc’s defense funding progress. “That we are now enabling funding of up to €800 billion for defense would have been impossible just a few years ago,” she said.

The European Union enabled funding of up to 800 billion euros for defense on 4 March 2025, when European Commission President Ursula von der Leyen unveiled the “ReArm Europe” plan to massively boost defense spending and support Ukraine amid escalating security threats

“We are doing this because we want to defend peace with all our might,” von der Leyen said. “A new international order will emerge before the end of this decade. If we do not want to simply accept the consequences of this for Europe and the world, then we must shape this new order.”

Von der Leyen identified Ukraine’s accession as central to European expansion. She also mentioned the Western Balkans, Moldova, and “hopefully” Georgia as candidates for membership.

The Commission president said a larger, united Europe would increase the continent’s global influence. It would also help reduce dependencies, according to her remarks.