Most industrialized countries will “gradually” stop buying Russian oil

The “unprovoked” war promoted by Putin brings “shame to Russia and the historical sacrifices of its people,” says the G7 text and concludes that the aggression leads the West to “little by little” detach itself from Russia.

“This will deal a heavy blow to the main artery of (Russian President Vladimir) Putin’s economy and deny him the revenue he needs to finance his war,” it added in a statement.

The text does not specify the commitments made by the members of the G7 (France, Germany, Canada, Italy, Japan, Great Britain and the US), which held its third meeting of the year this Sunday by videoconference, with the participation of the President of Ukraine, Volodimir Zelensky.

The choice of date is highly symbolic, as Europeans commemorate the end of World War II in Europe on May 8. The meeting was also held on the eve of Russia’s May 9 military parade, marking the Soviet Union’s victory over Nazi Germany.

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“Russia has violated the rules-based international order, in particular the UN Charter, conceived after World War II to save successive generations from the scourge of war,” the group says.

The “unprovoked” war promoted by Putin brings “shame to Russia and the historical sacrifices of its people,” the text adds. “We stand united in our determination that President Putin must not win his war against Ukraine.”

The West has so far shown very close coordination in its sanctions announcements against Moscow. However, it is not advancing at the same pace when it comes to Russian oil and gas. The United States, which was not a major consumer of Russian crude, has already banned its import. The members of the European Union, pressured to apply that measure, are much more dependent on Russia.

The EU continued this Sunday intense negotiations to establish an embargo on Russian oil.

jov (ef, tagesschau)

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