G-7 Finance Chiefs to Talk China, India Tariffs Over Russia Oil
The G-7 finance ministers are scheduled to hold a call on Friday to discuss the potential imposition of secondary sanctions on India and China over their continued purchases of Russian oil. This move comes as the West seeks to further isolate Russia and limit its ability to finance the ongoing war in Ukraine. The ministers are expected to explore ways to deter India and China from engaging in such transactions, which could undermine the broader efforts to cut off Russia's access to global financial systems. The call will likely focus on the economic and geopolitical implications of such sanctions, as well as the potential impact on global energy markets. The outcome of the discussions could have significant consequences for the relationships between the G-7 nations and their counterparts in Asia.
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