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Amid the Ukraine warfare, the White Home mentioned on Sunday that the G7 nations are “dedicated to phasing out or banning the import of Russian oil”.
“This can hit laborious on the fundamental artery of Putin’s financial system and deny him the income he must fund his warfare,” the US authorities mentioned.
Additionally Learn: Victory can be ours, says Putin on Ukraine warfare
The Biden administration had earlier banned the import of Russian oil into the nation. European nations who rely upon Russian oil had earlier mentioned they have been aiming to chop down on Russian fuel.
The G7 nations embrace Canada, France, Germany, Italy, Japan, UK and the US. The EU is taken into account an honorary member of the group.
The White Home additional added that the US authorities will sanction three main Russian tv stations and deny Russian firms entry to consulting providers by US companies.
The US has sanctioned Joint Inventory Firm NTV Broadcasting Firm, Joint Inventory Firm Channel One Russia and Tv Station Russia-1. The Biden administration has barred US firms from financing the Russian firms.
The G7 leaders additionally held a video convention with Ukrainian President Volodymyr Zelensky. The G7 assembly comes as Russia prepares to have a good time its victory over Nazi Germany on Might 9 in Moscow.
Watch: US first girl Jill Biden travels to Ukraine
In a press release, the G7 nations mentioned the Ukraine warfare will carry “disgrace on Russia and the historic sacrifices of its individuals.”
“Russia has violated the worldwide rules-based order, significantly the UN Constitution, conceived after the Second World Struggle to spare successive generations from the scourge of warfare,” the G7 nations mentioned as they vowed to stay united in opposition to Russia whereas asserting that “President Putin should not win his warfare in opposition to Ukraine”.
(With inputs from Businesses)
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