The U.S. is preparing to announce the purchase of an advanced surface-to-air missile system for Kyiv.
Reports also indicate G-7 leaders are set to announce an agreement to pursue a price cap on Russian oil, raise tariffs on Russian goods and impose new sanctions on hundreds of officials and entities supporting the four-month-long war.
Leaders began finalizing the deal to seek a price cap during their three-day summit in the German Alps, where they conferred by video link with Ukrainian President Volodymyr Zelensky.
The details of how a price cap would work will be resolved by the G-7 finance ministers in the coming weeks and months.
Check out the latest details on ABC News.