US Proposes Broad G-7 Sanctions on Russian Energy to End War
The US is proposing a broad set of sanctions on Russian energy for the G7 countries. The aim is to convince Russian President Vladimir Putin to end the war in Ukraine. The proposed sanctions would include tariffs as high as 100% on China and India for their purchases of Russian oil. This move is part of the US's efforts to cut off Russia's main source of revenue and pressure it to withdraw from Ukraine. The sanctions would be implemented through the G7, a group of the world's leading industrialized nations. The proposal is a significant escalation of the economic measures taken against Russia since the start of the invasion of Ukraine. It remains to be seen whether the G7 allies will agree to the US's proposal and how Russia will respond to this further economic pressure.
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