G7 Countries to End Oil Imports with Russia

With each passing day, Russia is punishing for its invasion of Ukraine. to take a lot continues. Dozens of companies have imposed sanctions on Russia, which has not yet thought of withdrawing from the war. Music and Podcast platform Spotify, technology giant Sony, Visa and many other companies moved to Russia after the occupation of Ukraine. sanctioned.

But the real blow to Russia G7 will come from their country. According to the latest statements, Russia, which exports oil to many countries, will end its agreement with the G7 countries. This reveals that countries that make up 64 percent of global wealth will deal a heavy blow to Russia. So much so that the G7 countries; Germany, United States of America, Unified Kingdom, Italy, France, Japan and Canada consists of countries such as

Oil exports will be phased out

G7 countries reduce oil exports from Russia within the scope of the new sanctions package against Russia. gradually or they will cut it completely announced. G7 country leaders, who came together at the meeting held in the USA, held an important meeting with the participation of Ukrainian President Vladimir Zelenskiy. As a result of this meeting, a critical decision was reached. Stating that they support Ukraine in every sense, the leaders noted that the sanctions imposed on Russia destroyed the gains made in the last 15 years in the country’s history.

In one blow, oil imports came to Russia, which suffered heavy blows financially. to Russia bans oil imports In a statement, it was stated that the G7 countries will also cut oil imports gradually or completely. This shows that Russia’s biggest source of income will be cut off.

On the other hand, in the statement reminding that the USA has already banned oil imports from Russia, it was noted that the G7 countries will gradually end or completely ban oil imports from Russia today. In addition, the US has clarified the new sanctions to be imposed. In this context; While new sanctions were imposed on the import of products such as wood materials, industrial engines, fans, ventilation equipment, dozers from Russia, at the same time, Russian military officials visa restriction informed that it will be placed.