G7 prepares new sanctions against Russia: focusing on Kremlin's oil exports.

New sanctions against Russia from G7 countries

The G7 countries plan to introduce new sanctions against the Russian economy. According to Bloomberg, their statement draft states that these measures aim to limit Russia's ability to wage war against Ukraine. In particular, the sanctions will affect oil exports, which are the main source of revenue for the Kremlin's budget. The article states:

'We agreed on the necessity to act together to enhance Ukraine's resilience and critically limit Russia's ability to wage war against it.'

The planned sanctions will impact key sectors of the Russian economy and also provide financial support to Ukraine. Additionally, the possibility of using frozen assets of the Central Bank of Russia to assist the Ukrainian economy is being considered. These new measures are part of the international community's efforts to prevent further aggression from Russia and support Ukraine in its efforts to restore stability and security. The introduction of sanctions is expected to also complicate the financial flows needed for military operations.