Video conference with the President of Ukraine
Joint Statement on ‘Strengthening Economic Isolation’
U.S. and Russian state broadcasters sanctioned
“There will be no shelter for Russia’s economy”
The leaders of the G7 countries have reached an agreement to strengthen Russia’s economic isolation by phasing out and banning Russian oil imports.
According to the AFP news agency, the G7 leaders in a joint statement with Ukrainian President Volodymyr Zelensky following a video summit on the 8th (local time) said, “We will gradually stop reliance on Russian energy through a phased cessation or ban on Russian oil imports. promise,” he said. “We will give the world time to secure replacement supplies in a timely and orderly manner,” he said.
On the same day to commemorate the end of World War II in Europe, the G7 leaders also held a ceremony to commemorate the end of the war by video, AFP news agency reported.
The US has already banned Russian oil and gas imports. Europe, which relies heavily on Russian energy, has not yet reached an oil embargo. Recently, the European Commission (EU) proposed additional sanctions that would suspend the supply of Russian oil within six months and the supply of Russian petroleum products by the end of this year. Member States are negotiating on this.
Immediately following the G7 summit, the United States announced additional sanctions once morest Russia aimed at banning transactions with Russian state broadcasters and providing services such as accounting and management consulting to Russians.
The White House said it will sanction the three broadcasters that have the highest ratings in Russia and are directly or indirectly controlled by the state. Broadcasters subject to sanctions are Channel-1, Rossiya-1, and NTV, and in the future, all US companies will be prohibited from selling advertisements or other equipment to these broadcasters.
The White House also said it would ban Americans from providing services such as accounting and trusts, business establishments and management consulting to Russians. “These services play a key role in accumulating the wealth of Russian business and privileged groups, generating revenue for Putin’s war equipment, hiding that wealth and circumventing sanctions,” the White House said in a statement.
The US also announced that it will take additional visa restrictions on Russian military personnel involved in violations of international humanitarian law, such as ‘secondary civilian massacre’. 27 senior executives from Gazprombank, a financial subsidiary of Gazprom, a Russian state-owned gas company, eight executives from Sberbank, the largest financial institution that owns a third of Russia’s financial assets, and 10 Russian industrial banks and subsidiaries were also added to the sanctions list. did.
“The additional measures announced today are a message that there will be no safe haven for the Russian economy if Putin’s war continues,” a US government official said.
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