September 13, 2025
US pressures G7 on secondary sanctions against China and India and confiscation of frozen Russian assets - Bloomberg thumbnail
Economy

US pressures G7 on secondary sanctions against China and India and confiscation of frozen Russian assets – Bloomberg

US pressures G7 on secondary sanctions against China and India and confiscation of frozen Russian assets – BloombergThe US will urge its G7 allies to impose tariffs of up to 100% on China and India for purchasing Russian oil. It is also proposed
to confiscate Russia’s frozen foreign exchange reserves to finance Ukraine’s defense.

”, — write: unn.ua

The US will call on its G7 allies to impose tariffs of up to 100% on China and India for their purchases of Russian oil to persuade Russian dictator Vladimir Putin to end the war in Ukraine. This was reported by Bloomberg, informs UNN.

DetailsAccording to the publication’s sources, the US also proposes that G7 countries begin direct confiscation of Russia’s gold and foreign exchange reserves, which were frozen due to sanctions, and use these assets to finance Ukraine’s defense.

The vast majority of Moscow’s approximately $300 billion in frozen assets are located in Europe

The publication indicates that the profits generated from these assets are currently used to provide loans to Ukraine.

“The US proposal involves imposing secondary tariffs of 50% to 100% on China and India, as well as restrictive trade measures on both imports and exports to curb the flow of Russian energy and prevent the transfer of dual-use technologies to Russia,” the media notes.

RecallEarlier, the EU Council extended sanctions against individuals and entities responsible for threatening Ukraine’s territorial integrity until March 15, 2026. Restrictions include a travel ban and asset freezes for over 2,500 targets.

The Ministry of Foreign Affairs explained what the 19th package of sanctions against Russia will be aimed at12.09.25, 17:04 • 2380 views

Related posts

Meta і TikTok виграли судовий процес проти ЄС

unn

OPEC confirms high oil demand forecasts and sees stable economic growth

fxempire com

Ford відкликає майже 1,5 мільйона авто у США через несправність

unn

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More