G7 leaders set to pursue Russian oil price cap, US to send anti-air missile system

The Group of Seven economic powers are planning a continued commitment to supporting Ukraine, with the U.S. preparing to purchase an advanced surface-to-air missile system for the country. The leaders are set to agree to pursue a price cap on Russian oil, raise tarrifs on Russian goods and impose new sanctions on officials supporting Russia's war on Ukraine.

The G-7 leaders met in the German Alps and spoke virtually with Ukrainian President Volodymyr Zelenskyy. During Monday's portion of the three-day annual summit, the leaders focused on Ukraine.

Russia's war on Ukraine,...