Among the ways considered, the ministers suggest “continuing to target Russia’s energy revenues and its future export potential.”
The G7 finance ministers, who met in Italy, said today Saturday “determined to increase sanctions” against Russia’s financial and economic sector to “reduce” its revenues, according to a draft of the final communiqué obtained by AFP.
Among the ways discussed, the ministers, who concluded their meeting in Stresa on the shores of Lake Maggiore (north), suggest “continuing to target Russia’s energy revenues and its future export potential.”
Since the start of the Russian invasion of Ukraine in February 2022, the United States and the European Union have adopted a series of sanctions to try to choke the Russian economy with little success so far.
The European Union has already imposed 13 sanctions packages against Russia and is now considering targeting Russian liquefied natural gas (LNG) in a new sanctions package, banning its transport through the EU.
This new sanctions package being discussed could also extend the EU’s blacklist to more Chinese entities accused of supplying military technology to Russia, according to diplomatic sources.
This issue is also addressed in the draft of the final G7 Finance Communiqué, which confirms that its members “will oppose efforts to avoid or circumvent sanctions…”.
Source :Skai
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