At the start of the meeting in the Bavarian Alps, four of the Group of Seven rich nations moved to ban imports of Russian gold to tighten the sanctions squeeze on Moscow and cut off its means of financing.
A French presidency official said Paris would push for a price cap on oil and gas and was open to discussing a U.S. proposal.
The G7 leaders did agree on a pledge to raise $600 billion in private and public funds for developing countries to counter China's growing influence and soften the impact soaring food and energy prices.
G7 host German Chancellor Olaf Scholz invited Senegal, Argentina, Indonesia, India and South Africa as partner nations at the summit. Many countries of the global south are concerned about the collateral damage from Western sanctions on Russia.
Was that a bad planning from the G7 or a biblical fate "If you set a trap for others, you will get caught in it yourself. If you roll a boulder down on others, it will crush you instead?"
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