The United States has called on the Group of Seven (G7) nations and the European Union (EU) to take stronger action against countries buying Russian oil, specifically targeting China and India. During a recent call, G7 finance ministers discussed the potential for further sanctions on Russia and considered imposing tariffs on countries that continue to purchase Russian oil, which they believe helps fund Russia’s war in Ukraine.
US Pushes for Tougher Measures
The U.S. aims to pressure its allies into imposing tariffs on countries that buy Russian oil at discounted rates. Officials believe that by targeting these nations, they can cut the revenue Russia receives from its oil exports and further isolate it economically. The U.S. argues that countries like China and India are “enabling” Russia’s ongoing conflict in Ukraine by continuing their oil purchases.
Possible Global Impact
If the G7 and EU agree to these tariffs, it could mark a significant shift in how the world trades oil with Russia and its allies. Such measures might disrupt global oil markets and raise tensions with major economies like China and India. However, the U.S. and its partners see this as a necessary step to increase pressure on Moscow and end the war in Ukraine.
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