June 29, 2022
The G7 countries commit to stopping the import of Russian oil |  Globalism

The G7 countries commit to stopping the import of Russian oil | Globalism

The White House said on Sunday that the group of seven most advanced countries in the world “committed to ban or halt imports of Russian oil.”

“This would be a severe blow to the main artery of (Russian President Vladimir) Putin’s economy and deprive him of the income necessary to finance his war,” it said in a statement.

The text does not specify the commitments made by G7 members (France, Germany, Canada, Italy, Japan, the United Kingdom and we), which on Sunday held its third meeting of the year by video link, with the participation of the President of Ukraine, Volodymyr Zelensky.

Group of Seven leaders pose for a “family photo” at the summit in Cornwall, England, on June 11, 2021. – Photo: Patrick Siemansky/Pool via AP

The choice of date is very symbolic as Europeans commemorate the end of World War II in Europe on May 8.

The meeting was also held on the eve of the military parade in RussiaMay 9, commemorating the victory of the Soviet Union over Nazi Germany.

Understand Victory Day in Russia

The West has so far shown very close coordination in its declarations of imposing sanctions on Moscow. However, it is not progressing at the same pace when it comes to Russian oil and gas.

you weWhich was not a major consumer of Russian oil, has already banned its import.

EU members, who are under pressure to implement this measure, rely more on Russia.

A diesel power plant at the Yarakta oil field, Russia – Photo: Vasily Fedosenko/Reuters

In this sense, the European Union continues, this Sunday, intensive negotiations to impose an embargo on Russian oil.

Meanwhile, the we He also announced new sanctions against RussiaInfluencing the media and the access of Russian companies and their large fortunes to consulting and accounting services, both American and British, they are the greatest professionals in the world.

By including Channel One Russia, TV station Russia-1 and NTV Broadcasting Company in its list, Washington is preventing any US company from financing it through advertising or selling equipment.

“No American company should be involved in funding Russian propaganda,” said a senior White House official, who asked not to be named.

The same source said that the decision also banned “audit, management, consulting and marketing services, and all services used to operate multinational companies, but potentially also to avoid sanctions or hide poorly acquired wealth.”

He also stressed that while Europeans have closer industrial relations with Russiayou we The UK, on ​​the other hand, dominates the world of services, namely through the “Big Four”, the four global auditing and consulting giants: Deloitte, EY, KPMG and PwC.

US President Joe Biden during a speech at the White House, this Thursday (28) – Photo: Evelyn Hochstein / Reuters

Washington also announced a new ban on the export of American products to RussiaFrom all capital goods, from excavators to ventilation systems and boilers.

Finally, it announced the imposition of visa restrictions on 2,600 Russian and Belarusian personalities, as well as sanctions against employees of Sberbank and Gazprombank.