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The US on Monday (June 27) introduced recent G7 sanctions on Russia. These new sanctions are targetted at Russia defence business. The goal seems to be slowing down Russian conflict machine in Ukraine
“G7 leaders will align and broaden focused sanctions to additional prohibit Russia’s entry” to Western know-how that may assist the Russian arms business, the White Home stated.
And the US may also “aggressively goal Russian defence provide chains… and restrict Russia’s capability to exchange the navy tools it has already misplaced throughout its brutal conflict”.
Information company AFP quoted an unnamed American official to say that G7 nations have made progress in talks to set a value cap on Russian oil imports.
“We’re nonetheless in closing discussions with different G7 counterparts working to finalise this, however we’re very near a spot the place G7 leaders may have determined to urgently direct related ministers to develop mechanisms to set a worldwide value cap for Russian oil,” the official stated.
The purpose of the plan is to starve the Kremlin of its “primary supply of money and power down the worth of Russian oil”.
(This can be a breaking information. Extra to comply with quickly)
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