10 things you need to know today: May 19, 2023

The U.S. announces more Russia sanctions as G7 summit starts in Japan, Ukraine and Wagner Group say Russian forces retreat near Bakhmut, and more

G7 pose for the family photo at the Itsukushima Shrine
G7 leaders are gathering in Hiroshima, Japan
(Image credit: Stefan Rousseau - Pool/Getty Images)

1. U.S. announces Russia sanctions as G7 summit begins

The United States announced a fresh round of sanctions against Russia over its invasion of Ukraine on Thursday as President Biden joined leaders of the world's advanced economies for a Group of Seven summit in Hiroshima, Japan. A top Biden administration official said the measures would make it harder for Moscow to sidestep sanctions and access the international financial system to fund its war. The official said G7 nations also would discuss ways to help target Russia's finances. The U.S. also will blacklist dozens of entities and target more than 300 individuals and entities in Europe, the Middle East, and Asia that have helped Russia financially. Ukrainian President Volodymyr Zelenskyy was expected to fly to the summit to request more military aid.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.