Volodymyr Zelensky keeps up the pressure on the G7 to ratchet up economic penalties on Russia.
According to sources inside the administration, Ukrainian President Volodymyr Zelensky sent an appeal to the chiefs of state and government of the G7 nations on Monday, requesting that they "do their best" to bring an end to the conflict that is wreaking havoc in his nation before the end of the year. G7. The prior announcement made by the White House said that the G7 nations intended to put further pressure on Russia's economy by tightening existing sanctions.
Speaking via videoconference at Elmau Castle in southern Germany, where the leaders of the seven industrialized countries are gathering, the leader of Ukraine " insisted on the necessity to intensify the sanctions against Russia " and emphasized the significance of " not lowering the pressure and to continue to sanction Russia massively, heavily ".
During his address, the President of Ukraine made reference to the severe winter conditions that prevail in Ukraine, noting that these conditions make it more difficult to wage war.
Support “as long as it takes”
In a joint statement that was ultimately issued on Monday, the leaders of the G7 countries made the commitment "to continue to offer financial, humanitarian, military, and diplomatic assistance " to Ukraine "for as long as it takes."
In addition, the G7 encouraged Russia to permit grain shipments from Ukraine in order to prevent an escalation of the current worldwide food crisis.
The leaders issued a " urgent " request to Moscow, pleading with the Russian government to " unconditionally halt its assaults on agricultural and transport infrastructure and enable the free flow of agricultural commodities from Ukrainian Black Sea ports ".
They also urged the " immediate " release of Ukrainians who had been kidnapped " by force " to Russia and voiced " great worry " after Russia's declaration that it would transfer nuclear-capable missiles to Belarus.
Cap the price of Russian oil
Earlier, a senior White House official made the announcement in a press interview that the heads of state and government of the G7 nations were "very close to a point where they decide to ask their ministers to develop in urgent mechanisms to cap the price of Russian oil at the global level." This statement was made after the official had stated that the G7 leaders were "very close to a point where they decide to ask their ministers to develop in urgent mechanisms to cap the price of
According to this source, who did not want to be named, such a system would operate via the "services" surrounding the export of Russian oil. However, the precise nature of this mechanism has not yet been determined.
She noted that this endeavor would involve " a lot of cooperation," not just between nations but also with the commercial sector.
It's possible that when people talk about "services," they're specifically referring to things like shipping and insurance policies for shipments of Russian black gold.
" The idea here is to dry up (Russian President Vladimir) Putin's primary source of fresh money," the official from the White House stated, while at the same time " blunting " the effect of the conflict in Ukraine on the costs of gasoline, which have increased significantly all over the globe.
Restrict Russia's access to crucial industrial resources
According to the same source, the G7 nations will also "continue to limit Russia's access to critical industrial resources," particularly in the military industry, which the United States will already "aggressively target" with sanctions against significant Russian public firms.
A ban on imports of American items, including technology components, would affect these enterprises.
Russian businesses and weaponry manufacturing have been targeted by the West since their invasion of Ukraine, since they rely heavily on Western supplies.
According to a senior G7 official, the group wants to " operate to use customs tariffs on Russian imports to assist Ukraine."
His memory was jolted by the fact that the big industrialized nations had already decided to impose heavier taxes on Russia's exports, therefore denying it a privileged trading system with them.
According to a statement from the US administration, the United States would "impose a higher charge on more than 570 categories of Russian items with a total value of nearly $2.3 billion."
Sanctions against human rights violations
As a result, the G7 nations would impose penalties "on those guilty for human rights breaches - including war crimes," according to a statement from the White House press secretary.
When it comes to targeting Russian military troops, the United States will go after commercial military organizations that operate in Ukraine, as well as local government officials who are "placed by Russia in regions seized or controlled by Russian forces (in Ukraine)."