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G7 will seek to seize assets of key Russian elites -Yellen

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The Group of Seven major economies will convene a task force to focus on freezing and seizing assets of key Russian elites as it aims to put further pressure on Russia after its invasion of Ukraine, Reuters quoting U.S. Treasury Secretary Janet Yellen said on Tuesday.

The move “will inflict financial pain on the powerful individuals surrounding (Russian President Vladimir) Putin and make clear that no one is beyond our collective reach,” Yellen said in a statement after a virtual G7 meeting of finance chiefs.

The G7 will also continue to endorse removing key Russian financial institutions from the SWIFT banking system, she said, adding that the group expects that sanctions imposed so far will “hamstring the Russian government’s ability to fund its invasion.”

Russia calls its actions in Ukraine a “special operation.”

The sanctions have had an immediate impact on Russia’s economy, with queues forming outside banks as Russians rush to salvage their savings. Oil company Royal Dutch Shell Plc on Tuesday became the latest big Western firm to pull out of the country, Reuters reported.

The measures limit Moscow’s use of a $640 billion war chest to defend its currency but it remains to be seen whether Russia can find other channels for trade and financing of its economy.

Notably, Chinese businesses and banks are looking for ways to limit the impact of sanctions on their relations with Russia, with settlement of transactions in yuan seen rising at the expense of the dollar.

According to Reuters earlier on Tuesday, Germany’s finance minister, Christian Lindner, said the G7 expected an agreement in the coming days on possible further sanctions, though he gave no details about what moves were under discussion.

“We want to isolate Russia politically, financially and economically,” Lindner told reporters after the virtual meeting chaired by Germany.

“We had an exchange on the implementation of the current sanctions and we also exchanged proposals on what additional measures could be taken,” he said, adding: “And in the coming days there will be an agreement on this.”

Lindner said the impact of measures curbing the activities of the Russian central bank and excluding Russian banks from the SWIFT inter-bank messaging system had already exceeded expectations, read the report.

“The rouble is in free-fall,” he said as the Russian currency weakened to around 112 to the dollar in trade on Tuesday.

Japanese Finance Minister Shunichi Suzuki said G7 capitals had stressed the need for tight coordination of their measures against Moscow during the talks, which Ukraine’s finance minister, Sergii Marchenko, also joined.

Meanwhile, France’s Bruno Le Maire declared an “all-out economic and financial war” against Russia to bring down its economy before rowing back on language he later said was inappropriate.

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Trump plans expanded immigration crackdown in 2026 despite backlash

The plans come amid rising public unease over aggressive tactics, including neighborhood raids and the detention of some U.S. citizens.

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U.S. President Donald Trump is preparing to significantly expand his immigration crackdown in 2026, backed by billions of dollars in new funding, even as political opposition grows ahead of next year’s midterm elections.

ICE and U.S. Customs and Border Protection are set to receive an additional $170 billion through September 2029, enabling the administration to hire thousands of new agents, expand detention facilities and increase enforcement actions, including more workplace raids. While immigration agents have already been surged into major U.S. cities, many economically critical workplaces were largely spared in 2025.

The plans come amid rising public unease over aggressive tactics, including neighborhood raids and the detention of some U.S. citizens. Trump’s approval rating on immigration has fallen from 50% in March to 41% in mid-December, according to recent polling.

The administration has also revoked temporary legal status for hundreds of thousands of Haitian, Venezuelan and Afghan migrants, expanding the pool of people eligible for deportation.

About 622,000 immigrants have been deported since Trump took office in January, short of his goal of 1 million deportations per year.

White House border czar Tom Homan said arrests will increase sharply next year as staffing and detention capacity grow. Critics warn that expanded workplace enforcement could raise labor costs and deepen political and economic backlash ahead of the elections.

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US, Russian officials meet in Florida for more Ukraine talks

Kyiv says it will not cede land that Moscow’s forces have failed to capture in nearly four years of war.

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U.S. negotiators met Russian officials in Florida on Saturday for the latest talks aimed at ending Russia’s war in Ukraine, as President Donald Trump’s administration tries to coax an agreement out of both sides to end the conflict, Reuters reported.

The Miami meeting followed U.S. talks on Friday with Ukrainian and European officials, the latest discussions of a peace plan that has sparked some hope of a resolution to the conflict that began when Russia launched its full-scale invasion in February 2022.

Russian President Vladimir Putin’s special envoy Kirill Dmitriev told reporters after meeting U.S. special envoy Steve Witkoff and Trump’s son-in-law Jared Kushner that the talks were constructive and would continue on Sunday. A White House official said the talks had concluded for the day.

“The discussions are proceeding constructively. They began earlier and will continue today, and will also continue tomorrow,” Dmitriev said.

Marco Rubio, Trump’s top diplomat and national security advisor, had said he might also join the talks.

U.S., Ukrainian and European officials earlier this week reported progress on security guarantees for Kyiv as part of the talks to end the war, but it remains unclear if those terms will be acceptable to Moscow.

A Russian source told Reuters that any meeting between Dmitriev and the Ukrainian negotiators had been ruled out.

In Kyiv, Ukrainian President Volodymyr Zelenskiy said on Saturday that Ukraine would back a U.S. proposal for three-sided talks with the United States and Russia if it facilitated more exchanges of prisoners and paved the way for meetings of national leaders.

“America is now proposing a trilateral meeting with national security advisers — America Ukraine, Russia,” Zelenskiy told local journalists in Kyiv.

U.S. intelligence reports continue to warn that Putin intends to capture all of Ukraine, sources familiar with the intelligence said, contradicting some U.S. officials’ assertions that Moscow is ready for peace.

Putin offered no compromise during his annual press conference in Moscow, insisting that Russia’s terms for ending the war had not changed since June 2024, when he demanded Ukraine abandon its ambition to join NATO and withdraw entirely from four Ukrainian regions Russia claims as its own territory, Reuters reported.

Kyiv says it will not cede land that Moscow’s forces have failed to capture in nearly four years of war.

Ukraine’s top negotiator Rustem Umerov said U.S. and European teams on Friday held talks and agreed to pursue their joint efforts.

“We agreed with our American partners on further steps and on continuing our joint work in the near future,” Umerov wrote on Telegram of the discussions in the United States, adding that he had informed Zelenskiy of the outcome of the talks.

The White House did not immediately respond to a request for comment.

Rubio told reporters on Friday that progress has been made in discussions to end the war but there is still a way to go.

“The role we’re trying to play is a role of figuring out whether there’s any overlap here that they can agree to, and that’s what we’ve invested a lot of time and energy and continue to do so. That may not be possible. I hope it is. I hope it can get done this month before the end of the year.”

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US hits Daesh in Syria with large retaliatory strikes, officials say

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The U.S. military launched large-scale strikes against dozens of Daesh targets in Syria on Friday in retaliation for an attack on American personnel, U.S. officials said.

A U.S.-led coalition has been carrying out airstrikes and ground operations in Syria targeting Islamic State suspects in recent months, often with the involvement of Syria’s security forces, Reuters reported.

President Donald Trump had vowed to retaliate after a suspected ISIS attack killed U.S. personnel last weekend in Syria.

Defense Secretary Pete Hegseth said the strikes targeted “ISIS fighters, infrastructure, and weapons sites” and that the operation was “OPERATION HAWKEYE STRIKE.”

“This is not the beginning of a war — it is a declaration of vengeance,” Hegseth said. “Today, we hunted and we killed our enemies. Lots of them. And we will continue,” he added.

Trump said on social media that the Syrian government fully supported the strikes and that the U.S. was inflicting “very serious retaliation.”

U.S. Central Command said the strikes hit more than 70 targets across central Syria, adding that Jordanian fighter jets supported the operation.

One U.S. official said the strikes were carried out by U.S. F-15 and A-10 jets, along with Apache helicopters and HIMARS rocket systems.

Syria reiterated its steadfast commitment to fighting Daesh and ensuring that it has “no safe havens on Syrian territory,” according to a statement by the foreign ministry.

Two U.S. Army soldiers and a civilian interpreter were killed on Saturday in the central Syrian town of Palmyra by an attacker who targeted a convoy of American and Syrian forces before being shot dead, according to the U.S. military. Three other U.S. soldiers were also wounded in the attack.

About 1,000 U.S. troops remain in Syria.

The Syrian Interior Ministry has described the attacker as a member of the Syrian security forces suspected of sympathizing with Daesh.

Syria’s government is led by former rebels who toppled leader Bashar al-Assad last year after a 13-year civil war, and includes members of Syria’s former Al Qaeda branch who broke with the group and clashed with Daesh.

Syria has been cooperating with a U.S.-led coalition against Daesh, reaching an agreement last month when President Ahmed al-Sharaa visited the White House.

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