The leaders of 7 industrialized countries, including the USA and England, made new decisions regarding Russia at the summit held via video conference. President of Ukraine Zelensky also attended the summit.
The summit of the leaders lasted about an hour.
While devotion to the implementation of the embargo on oil imported from Russia was expressed at the summit, new sanctions against Moscow came from the United States.
In the statement made at the end of the summit, “We are committed to phasing out dependence on Russian energy. This includes the import of Russian oil. We will do this on a timely and regular basis. We will work together and with our partners to ensure an orderly, sustainable global energy supply by ensuring affordable prices for consumers.”
The statement said cutting Russian oil would hit Putin’s economy hard and cut him off from the revenue he needed to fund the Ukraine war.
In the statement, it was also noted that it is a debt to the memories of those who fought for freedom in the Second World War to continue to fight for today, for the people of Ukraine, for Europe and the global community.
New sanctions against Russia came from the USA.
Accordingly, advertisements are cut from the Western world to Russia’s three largest television channels. American consulting and accounting firms are prohibited from providing services to any Russian citizen.
Additional restrictions are imposed on the Russian industrial sector, including removing Moscow from the production of wood, the production of industrial engines, bulldozers, boilers.
The US State Department also announced new visa restrictions for Russian military officials and Russian-backed forces.
Meanwhile, ahead of the G-7 meeting, Britain announced that it would provide Ukraine with an additional $1.6 billion worth of additional military aid.
It is stated that among these materials are radars and reverse vision devices.
America, England, Canada, Germany, France, Italy and Japan make up the G-7 countries.