G7 Takes Aim at Nations Boosting Russian Oil Imports

The G7 nations are stepping up their game to tackle those buying more Russian oil since the Ukraine invasion. These countries, including the US, UK, and Germany, want to squeeze Russia's cash flow for the war. They're not just talking; they're planning actions. The group agreed to focus on countries and companies that are helping Russia get around sanctions. This includes putting tariffs and bans on imports and exports. The US has been pushing hard for this. They've even suggested tariffs as high as 100% on countries like China and India, which buy a lot of Russian oil. The EU is also looking into this, but they're taking their time. This isn't just about oil. The G7 is also considering other ways to cut off money for Russia's war. They're looking at refined products made from Russian oil too. The G7 ministers will meet again soon to discuss this further. It's clear they're serious about putting more pressure on Russia. But will this work? It's not easy to stop oil trade. And some countries might not be happy about these plans. It's a tricky situation, but the G7 is determined to try.