G7 Finance Ministers Announce Joint Measures to Target Increased Russian Oil Purchases and Sanctions Circumvention

Oct 02, 2025 06:55 am CST

G7 finance ministers have agreed to implement joint actions targeting entities increasing Russian oil purchases and those facilitating sanctions circumvention. The measures include potential trade restrictions and tariffs aimed at cutting off revenue streams supporting Russia's ongoing military operations in Ukraine, with Western powers considering further steps to restrict financial support for Moscow's war efforts.