G7 leaders intend to tighten sanctions pressure on Russia's oil and gas sector

Ukraine crisisG7 leaders intend to tighten sanctions pressure on Russia's oil and gas sector According to the leaders of G7, the deal between the US and Iran on unblocking the Strait of Hormuz creates suitable conditions for this step© Isabel Infantes, Pool Photo via APPARIS, June 17. /TASS/. The Group of Seven countries, due to the situation in Ukraine, will increase sanctions pressure on Russia, including its oil and gas sector, the summit participants in France stated in a joint statement on geopolitical issues. "We commit to intensify pressure on the Russian military economy. In this context, we will tighten sanctions, including on the oil and gas sector," they stressed. According to the leaders of G7, the agreement between the US and Iran on unblocking the Strait of Hormuz creates suitable conditions for increasing sanctions pressure on Russia. 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