6.3 C
Qādiān
Friday, February 7, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

G7 countries to extend anti-Russian trade and energy sanctions

Leaders of the G7 (G7) countries plan to toughen sanctions on Russia at a summit in Japan this week, Reuters reports, citing officials involved in the ongoing talks. The restrictive measures will aim to undermine Russia’s future energy production and curb the trade that supports the Russian military.

US officials expect G7 members to agree to adjust their approach to sanctions so that, at least for certain categories of goods, all exports will be automatically banned if they are not included in the list of permitted goods. . Previously, Washington had offered to completely abandon exports from the G7 countries to Russia, but so far it has not been possible to agree on this.

The United States expects that, in areas most sensitive to the Russian Federation, G7 member countries will adopt an export ban on goods not included in a special list. The exact areas in which these new rules will apply are still under discussion. Presumably, they will concern Russia’s military-industrial base, said a US official who wished to remain anonymous.

The exact wording of the G7 leaders’ joint statements is still being discussed and adjusted before being made public at the May 19-21 summit. The G7 includes the United States, Japan, Canada, France, Germany, Italy and the United Kingdom.

Earlier, the head of the Center for Political Economic Studies, Vasily Koltashov, in an interview with Zvezda, said that the European Union continues to trade with Russia, circumventing its own sanctions measures.

Read the Russia Ukraine News on The Eastern Herald.

More

Follow The Eastern Herald on Google News. Show your support if you like our work.

Author

News Room
News Room
The Eastern Herald’s Editorial Board validates, writes, and publishes the stories under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

Editor's Picks

Trending Stories

Laurita Fernandez poses totally nude on her back in her Instagram

Laurita Fernandez is one of the most talented dancers...

BRICS strengthens economic independence by moving away from US dollar

Russia and Iran have officially announced that 96% of...

Prostitution in Dubai: Understanding the Dark Side of the City

Dubai, a city celebrated for its lavish shopping experiences,...

How Online Casino Games in Eastern Countries & the US Differ

Gambling has been a staple of cultures around the...