G7 Leaders Pledge to Halt Russian Oil Imports and Impose New Economic Isolation | world news

0

Written by Sharangee Dutta | Edited by Poulomi GhoshNew Delhi

Leaders of the Group of Seven (G7) said in a joint statement on Sunday that they would impose further economic isolation on Russia for its invasion of Ukraine. After speaking with Ukrainian President Volodymyr Zelensky via video conference, the leaders pledged to phase out dependence on Russian energy, including by removing or banning the import of oil.

The leaders also said they would continue to take action against Russian banks linked to the global economy and systematically vital to Russia’s financial system.

The G7 leaders pledged to continue and intensify their campaign against financial elites and their family members “who support Russian President Vladimir Putin in his war effort and squander the resources of the Russian people”.

G7 leaders said Putin’s “unprovoked war of aggression” in Ukraine has brought “shame” to his country and “historic sacrifices to his people”.

“Russia has violated the rules-based international order, in particular the Charter of the United Nations, designed after World War II to spare succeeding generations the scourge of war,” the G7 statement said.

The leaders said they remained “united” in their resolve that Putin “must not win his war against Ukraine”.

The G7 is an intergovernmental political forum made up of France, Germany, Italy, the United States, the United Kingdom, Japan and Canada. The European Union (EU) is an ‘unlisted member’ of the group.

(With contributions from Reuters, AFP)

Close story

Less time to read?

Try Quickreads


  • Supporters of Sri Lanka's ruling party hold back an anti-government protester during a clash between the two groups in Colombo.

    Sri Lanka ruling party MP found dead after clashes over economic crisis: report

    An MP, Amarakeerthi Athukorala, of Sri Lanka’s ruling party, was found dead on Monday after a clash with anti-government protesters outside the capital Colombo, AFP news agency quoted police as saying dozens of people were injured elsewhere. “The prime minister has sent his resignation letter to the president,” an official said on condition of anonymity. President Gotabaya Rajapaksa is the younger brother of Prime Minister Mahinda Rajapaksa.

  • Xiaomi's logo is seen inside the company's office in Bengaluru, India (REUTERS)

    Hope India provides a fair business climate for Chinese companies, says Beijing

    China said on Monday it hoped India would provide a fair and non-discriminatory business environment for Chinese companies after smartphone maker Xiaomi alleged threats of ‘physical violence’ against executives during transfer investigations illegal funds made by the company. Chinese Foreign Ministry spokesperson Zhao Lijian was responding to a question about allegations by top Xiaomi executives that they were subjected to threats of physical violence and coercion during questioning by senior management. Indian law enforcement. The ED called the allegations “false and baseless”.

  • Servicemen of the Ukrainian military forces gather after fighting against Russian troops and Russian-backed separatists near the village of Zolote, Lugansk region.

    Ukrainian War: Russia claims to have destroyed a radar station built by the United States in the town of Zolote

    Russia said on Monday it had destroyed a US-made counter-battery radar station near the Ukrainian town of Zolote, Reuters reported. The Russian Defense Ministry added that it would consider NATO transports carrying weapons to Ukraine as targets for destruction, this on the 75th day of war. Russia’s claim comes on a day it marks Victory Day, signifying the Soviet Union’s victory over Nazi Germany in World War II.

  • Mahinda Rajapaksa (file photo/Reuters)

  • Police carry a man injured during a clash between government supporters and protesters outside the president's office in Colombo.

    ‘Boobies, thugs’: Ex-Sri Lankan cricketers slam Rajapaksas after Colombo clashes

    Former Sri Lankan cricketers including Sanath Jayasuriya, Mahela Jayawardena and Kumar Sangakarra have lambasted the government after ruling party supporters stormed a major protest site in Colombo on Monday, attacking anti-government protesters and clashing with the police amid the country’s worst events. economic crisis. At least 20 people were injured in the clashes, local media reported.

Share.

Comments are closed.