At the Group of Seven (G7) summit on Tuesday, President Donald Trump said that the United States could soon reimpose sanctions on Russia’s oil shipment.
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The U.S. president said the restrictions on Russian shipments can return after the openness of the Strait of Hormuz allows more oil transit. “We’re in a position to do that soon,” he told journalists in Evian, a town on the shores of Lake Geneva in eastern France.
In March, the U.S. Treasury issued a 30-day waiver allowing countries to purchase Russian crude oil and petroleum products that were already loaded on vessels and stranded at sea. The waiver was later extended as the conflict involving Iran and disruptions around the Strait of Hormuz continued to pressure oil markets.
During the G7 summit, Ukrainian President Volodymyr Zelensky talked with Trump and German Chancellor Friedrich Merz about ending the conflict and defense cooperation.
Later Zelensky said that it is “very important” that the next U.S. mediated talks with Russia should take place before this winter, and the location and format of the negotiations would be decided by Trump. He also discussed with Trump the possibility for Ukraine to produce anti-ballistic missile systems.
On the same day, Canadian Prime Minister Mark Carney announced that his government would impose new sanctions against Russia. Zelensky thanked Carney for Canada’s sanctions on more than 160 entities linked to Russia’s shadow fleet.
Britain also signaled tougher measures. Prime Minister Keir Starmer said that he had announced sanctions on Russian vessels, money and actors, adding that Britain will increase the pressure on Russia.
Meanwhile, Russian Foreign Minister Sergey Lavrov said that the West’s approach to the use of sanctions against Israel and Russia demonstrates double standards. All countries must respect the United Nations Charter and the prerogatives of the Security Council, he pointed out.
The three-day G7 summit will focus on a range of issues, including the Ukraine crisis, Middle East tensions, and the development of artificial intelligence.
[ SOURCE: teleSUR ]
