G7 imposes new sanctions on Russia: the main blow to oil revenues.

According to inkorr.com: On October 1, during an online meeting of the finance ministers of the Group of Seven (G7) countries, a decision was made to impose new large-scale sanctions against the Russian Federation. Particular attention in the new sanctions will be paid to oil exports, as this is the main source of income for the country. These actions are considered unacceptable due to violations of NATO airspace and aggression towards Ukraine.

Reduction of hydrocarbon imports

In addition, it is planned to significantly reduce hydrocarbon imports from Russia with the aim of completely abandoning them in the future.

Thus, the G7 finance ministers decided to implement strict sanctions against Russia, aimed at limiting oil exports as the main source of income for the country in response to its actions that threaten international security and peace.

These sanctions are part of the efforts of G7 countries to limit Russia's financial capabilities due to its aggression. It is expected that the new restrictions will have significant consequences for the Russian economy, as the oil industry remains a critical element of its budget. The continuation of cooperation among these countries demonstrates their commitment to supporting international stability and security.