G7 Prepares To Step Up Sanctions Pressure On Russia

• 1.10.2025, 15:52

Details have come to light.

"The G7 is moving closer to an agreement to "significantly strengthen" anti-Russian sanctions because of its unwillingness to end the war against Ukraine, Bloomberg reported.

The agency has seen a draft statement to be delivered during a meeting of G7 finance ministers. It noted that key provisions could change before all countries sign the document.

"We agree on the need to act together and believe that now is the time for a significant coordinated strengthening of measures to support Ukraine's resilience and critically weaken Russia's ability to wage war," the draft said.

According to the current document, the G7 is working on a number of options, including new measures against key sectors of Russia's economy, such as energy, finance and military industry They also target countries and organizations that help Moscow in its war and circumvent existing sanctions.

"We agreed that now is the time to maximize pressure on Russian oil exports, which are Russia's main source of revenue," the statement said.

This signals the possibility of new sanctions against Russia's oil giants, as well as the "shadow fleet" and energy trade.

The draft statement calls for the G7 finance ministers to discuss and financial It is about coordinating measures to further utilize the frozen assets of the aggressor country.

The EU is working on a new package of sanctions that will include a ban on Russia's liquefied natural gas until 2027. Additional restrictions on Russia's energy and financial sectors are also planned.

The agency's sources said that both the EU and the G7 plan to finalize the sanctions packages this month.