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US Proposes Broad G-7 Sanctions on Russian Oil
Financial Express Chandigarh
|September 13, 2025
The US will urge its allies in the Group of Seven (G-7) to impose tariffs as high as 100% on China and India for their purchases of Russian oil in an effort to convince President Vladimir Putin to end his war in Ukraine.
President Donald Trump said on Friday that his patience with Putin was "running out fast" and threatened new economic sanctions. "It'll be hitting very hard on with sanctions to banks and having to do with oil and tariffs also," he said in an interview on Fox News.
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