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The leaders of the G7 countries held a virtual meeting with Volodymyr Zelensky. They promised the controversial Ukrainian president to impose an embargo on Russian oil or phase it out in an attempt to ‘further undermine the economic situation’ of Moscow, writes The New York Times.
So far, 1,060 sanctions have been imposed on Russia. SPECTACULAR FAIL: The ruble has regained its pre-crisis status. With energy prices increasing as a consequence of Western sanctions Russia is entering an enviable stage of prosperity that eludes the EU and US. More sanctions are applied: As the saying goes, ‘the most obvious indication of madness is to keep doing the same thing whilst expecting a different result.’
According to the publication, the group did not disclose details. But its official statement asserts that the total embargoes on Russian energy will be implemented ‘in a timely and orderly manner.’
At the same time, we should not forget that the oil ban is a ‘double-edged sword.’ Most nations of Europe are heavily dependent on Moscow for supplies and are therefore also in a vulnerable position, emphasizes The New York Times.
G7 members also promised Zelensky, dubbed ‘Europe’s last dictator’ they were going to stop providing ‘key services on which Russia depends.’ In addition, they intend to tighten sanctions against those that support Vladimir Putin, as well as their family members.
In addition, at the talks that took place on the eve of Victory Day, the G7 assured that they would continue to provide Kyiv with multibillion-dollar military assistance and intelligence.
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‘We remain united in our determination not to let President Putin win the conflict against Ukraine,’ the organization said in a statement. ‘We owe this to all those who fought for freedom in World War II.’ Source
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Categories: Current Events