Leaders from the Group of Seven wealthiest democracies ended their summit in Germany on Tuesday promising to “urgently” explore price caps on Russian oil and gas. They did not, however, impose new energy sanctions. In closing remarks, German Chancellor Olaf Scholz said Russian President Vladimir Putin “must not win the war.” NATO leaders are set to meet for a summit in Madrid, as the transatlantic alliance seeks a long-term strategy for the war on its borders and forglobal issues such as soaring commodity prices.
In eastern Ukraine, Kyiv’s troops are still holding back Russian forces in Lysychansk, the last Ukrainian foothold in the Luhansk region. Russia has made marginal gains in recent days, but Ukrainian supply lines are still intact, according to U.S.-based military analysts.