WASHINGTON: As the United States urged its partners to put tariffs on buyers of Russian oil, the finance ministers of the Group of Seven countries discussed more sanctions on Russia and potential tariffs on states they believe are “enabling” its war in Ukraine during a call on Friday.
According to a statement from Canada, the head of the rotating G7 presidency, Canadian Finance Minister Francois-Philippe Champagne led the G7 meeting, which was conducted to discuss additional steps to put more pressure on Russia to stop its conflict against Ukraine.
In addition to discussing a “wide range of possible economic measures to increase pressure on Russia,” the ministers decided to expedite talks to use frozen Russian assets to finance Ukraine’s defense.
