G7 nations impose new sanctions on Russia after talks with Ukraine president

1.21471902 Flags of the G7 nations

Tue, 10 May 2022 Source: GNA

The G7 group of industrialized nations are imposing new sanctions on Russia after its leaders held a videoconference with Ukrainian President Volodymyr Zelensky, the White House said on Sunday.

According to the US government, the punitive measures target, among other things, the important Russian energy sector.

"Today, the entire G7 committed to phasing out or banning the import of Russian oil. This will hit hard at the main artery of Putin’s economy and deny him the revenue he needs to fund his war," the White House statement said.

Other measures include sanctions on state-controlled media within Russia, additional restrictions on Russia's industrial sector - including wood products, and industrial engines, among others - and visa restrictions on Russian and Belarusian officials.

"Our unprecedented sanctions are already exacting an immense toll on Russia’s economy and our export controls have strangled Russia’s access to critical technology and the supply chains it needs to sustain its military ambitions," the statement continued.

The leaders of Britain, Canada, France, Germany, Italy, Japan and the US held the meeting on May 8, a day traditionally set aside in Europe to mark the end of the European portion of World War II and the liberation of Europe from Nazi forces.

"We mourn the millions of victims and offer our respect, especially to all those who paid the ultimate price to defeat the National Socialist regime, including the western Allies and the Soviet Union," the G7 leaders said in a statement.

The commemorations are set to be echoed in Russia on Monday - the day Russia traditionally marks the end of the European war - with questions open about whether Russian President Vladimir Putin will use the occasion to ratchet the war up or down.

Russia invaded Ukraine on February 24, alleging abuses of ethnic Russians on Ukrainian soil and vowing to "de-Nazify" the country.

Strong Ukrainian resistance has pushed Russian forces back to the east, but Russia has shown no sign of planning to end a war it insisted it would not start for months before the attack.

The G7 leaders said Putin and his regime chose to invade Ukraine in "an unprovoked war of aggression against a sovereign country" and that his actions "bring shame on Russia and the historic sacrifices of its people."

"The G7 and Ukraine stand united in this difficult time and in their quest to ensure Ukraine’s democratic, prosperous future. We remain united in our resolve that President Putin must not win his war against Ukraine," the G7 leaders said.

Zelensky joined the meeting and "underlined the strong resolve of Ukraine to protect its sovereignty and territorial integrity," according to the statement.

He emphasized that his country relies on its international partners, in particular on G7 members, in providing "necessary assistance in the domain of defence capabilities."

Source: GNA
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