“The US will put pressure on G7 to hit India and China with sharply raised tariffs for the purchase of Russian oil to force the Russian Federation to peace talks with Ukraine. Source: Financial Times Details: Four sources informed about these plans were told about this.”, – WRITE: www.pravda.com.ua
Source: Financial Times
Details: Four sources informed about these plans were told about this.
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Thus, on Friday, during a video conference, the finances of the leading G7 economies will discuss the US proposal for a number of new measures due to the fact that Donald Trump wants to intensify his efforts to conclude a peace agreement in Ukraine.
This week, Trump called on the EU to impose up to 100 percent duties for China and India, and now he wants to attract the G7 allies.
“The Chinese and Indian procurement of Russian oil is funded by Putin’s military car and continue the pointless murder of the Ukrainian people,” said the US Department of Finance.
The spokesman refused to name the number of planned tariffs, but people familiar with the situation say the US offered equal to 50 to 100 percent.
Canada, who chairs G7 and accepted the last summit of the group in Alberta in June, said she convened this meeting “after discussions from the United States.”
She stated that they would “discuss further measures to increase pressure on Russia and limit its military equipment.”
“G7 strongly opposes Russia’s illegal and unjustified war,” said John Fragos, a spokesman for Canada’s finance minister.
Negotiations will include proposals for “tariffs for countries that continue to finance Russian military equipment,” said a Canadian government official who spoke on anonymity.
Last month, the United States raised the tariffs for Indian imports to 50% due to the fact that the country is buying Russian oil. In April, Trump sharply raised tariffs for Chinese imports, but reduced them in May after the market reaction.
Brussels hope to convince the United States that they can reach similar pressure through other measures, such as strengthening sanctions against Russian energy producers and transferring to 2027, the EU Member States stop buying Russian oil and gas.
According to three European officials, this will require Trump pressure on Hungary and Slovakia, which continue to buy Russian oil through pipelines and vetoed the EU’s tougher sanctions in the past.
The EU is already discussing whether to impose sanctions against China for buying cheap Russian oil and gas.
At the same time, the EU still buys about a fifth of its gas in Russia.