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G-7 Leaders Vow To Cut Russian Oil Imports

G-7 Leaders Vow To Cut Russian Oil Imports
G-7 Leaders Vow To Cut Russian Oil Imports(Ukrainian Parliament Press Office via AP)

G-7 Leaders pledged Sunday to phase out or ban the import of Russian oil, as they met with Ukraine’s president, Volodymyr Zelenskyy, for online talks to stress their support and to display unity among Western allies on Victory in Europe Day, which marks Nazi Germany’s surrender in 1945, AP reports.

Cutting out Russian oil supplies “will hit hard at the main artery of (President Vladimir) Putin’s economy and deny him the revenue he needs to fund his war,” the G-7 leaders, which include the U.S., Britain, Canada, Germany, France and Italy and Japan, said in a statement.

“We will ensure that we do so in a timely and orderly fashion, and in ways that provide time for the world to secure alternative supplies,” G-7 leaders added.

Casting a look back at World War II, the leaders stressed unity in their resolve that Putin must not win.

“We owe it to the memory of all those who fought for freedom in the Second World War, to continue fighting for it today, for the people of Ukraine, Europe and the global community,” they said.
U.S. President Joe Biden’s call with the G-7 leaders and Zelenskyy lasted about an hour.

The United States on the other hand, according to the report by AP, has announced new sanctions against Russia for its invasion of Ukraine.

The penalties include cutting off Western advertising from Russia’s three biggest television stations, banning U.S. accounting and consulting firms from providing services to any Russian and more restrictions on Russia’s industrial sector.

Those additional restrictions included cutting off Moscow from wood products, industrial engines, boilers, bulldozers and more.

The U.S. also says the Group of Seven leading industrialized powers have committed to phasing out or banning the import of Russian oil. The U.S. announced its own ban on Russian oil and energy products in March but the U.S. had few Russian energy imports compared to Europe.

The new round of sanctions will hit three of Russia’s most popular television stations — Channel One Russia, Russia-1 and NTV — which the U.S. says have been forefront of spreading misinformation about Russia invasion of Ukraine.

The U.S. says it has imposed some 2,600 visa restrictions on Russian and Belarusian officials and issued a new visa restriction policy that applies to Russian military officials and authorities suspected of human rights abuses or corruption.

The U.S. also sanctioned 27 executives from Gazprombank, a bank that facilitates sales by Russia’s energy giant Gazprom.

The Ukrainian army said Sunday that Moscow was focusing its main efforts that day on destroying airfield infrastructure in eastern and southern Ukraine, in order to prevent Ukrainian air forces from operating effectively.

At least five explosions were heard in the key Ukrainian Black Sea port of Odesa on Sunday, according to reports in local news media. Odesa, Ukraine’s third-largest city and a cultural center of deep significance to both Ukrainians and Russians, has so far been largely spared in the ten-week-old war.

Multiple photos and videos appeared to show trails and clouds of smoke in the sky above the city. Local media also reported that at least one missile had been shot down. As of Sunday afternoon, there have been no reports of casualties, although one newspaper claimed that civilian infrastructure had been damaged.

According to a Facebook post Sunday on the profile of Ukraine’s General Chiefs of Staff, Russia also ramped up “operational and tactical aviation activity” in the northwestern part of the Black Sea.

The Kharkiv regional administration says three people were killed in shelling of the town of Bogodukhiv, about 50 kilometers (31 miles) from the northeastern city of Kharkiv.
(AP)

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