G-7 to Target Banks Helping Russia Evade Ukraine War Sanctions

Group of Seven nations and the European Union are studying ways to tighten the screws on banks that help Moscow evade sanctions.

Under consideration by some allies are measures that would target third-country lenders using the Bank of Russia’s SWIFT-like financial messaging system to circumvent trade restrictions, according to people familiar with the matter, who asked not to be identified as the discussions are private.

The discussions come ahead of a G-7 meeting in Italy next month, where government heads aim to agree on a set of measures to better enforce sanctions imposed on Russia for its war against ...