Archive · 2 Oct 2025
G7 to Target Those Still Buying Russian Oil
The G7, a group of powerful countries, decided to put more pressure on Russia.
They plan to go after people and companies that are still buying Russian oil, as well as those helping them.
The finance ministers also agreed on using trade rules to stop Russia from making money.
This includes things like taxes on imports and stopping the buying and selling of goods to Russia.
The goal is to reduce Russia's ability to fund its actions.
G7 finance ministers agreed to increase pressure on Russia.
They will target those increasing Russian oil purchases.
Also targeting those facilitating circumvention.
Trade measures, including tariffs and bans, will be used.
The measures aim to cut off Russian revenues.
- Who
- G7 Finance Ministers
- What
- Agreed on actions to pressure Russia
- When
- Wednesday
- Where
- Virtual meeting
- Why
- To cut off Russian revenues
- Participants
- G7 Finance Ministers
- Actions
- Targeting those buying Russian oil
- Focus
- Cutting off Russian revenues
- Methods
- Trade measures, tariffs, bans
Sources
As Ukraine hits refineries, Russia bans diesel & petrol export amid fuel shortage
Fire at major oil refinery in Russia’s Yaroslavl is under control, authorities say
G7 nations say they will target those continuing to increase Russian oil purchases