G7 discusses new measures against Russia - US asks allies to impose tariffs on Russian oil buyers
The G7 countries are considering imposing new sanctions and tariffs on Russia and countries supporting the war in Ukraine. At the same time, the US is calling on allies to punish buyers of Russian oil, especially China and India.
Finance ministers from the Group of Seven major economies met on Wednesday to discuss new sanctions on Russia and possible tariffs on countries seen as supporting the war in Ukraine. The move comes as the United States is calling on allies to impose tariffs on buyers of Russian oil to increase economic pressure on the Kremlin.
The meeting was held under the current G7 presidency of Canada. In an official statement after the meeting, it was announced that the ministers agreed to accelerate discussions on the use of frozen Russian assets to finance Ukraine's defense. The statement added that the ministers discussed a "wide range of possible economic measures to increase pressure on Russia, including additional sanctions and trade measures."
US officials urged G7 countries to join the US in imposing tariffs on countries that continue to buy oil from Russia. “Only with a united effort that cuts off the war machine’s revenues at the source can we exert sufficient economic pressure to stop the senseless killing,” they said.
Earlier in the day, a US Treasury Department spokesman called on G7 countries and the European Union to impose "severe tariffs" especially on goods from China and India, which buy Russian oil at low prices.
President Donald Trump has imposed an additional 25% tax on imports from India to punish New Delhi. The decision brings the tariffs on Indian goods to 50%, straining trade talks between the two countries. However, Trump has so far avoided imposing new measures on China due to a fragile trade truce between Washington and Beijing.
4 more chapters of negotiations with the EU open, Prime Minister Rama: Albania will not stop
The number of chapters opened on Albania's path to EU integration this Tuesday reaches 28. Prime Minister Edi Rama announced the news through a post on his......
Niko Peleshi new Speaker of the Parliament, 84 votes in favor and 3 against, the opposition did not vote
In the afternoon session, the Assembly, after the swearing-in of the new deputies, continued with the voting procedure for the new speaker. Niko Peleshi......
138 new MPs are sworn in, Tom Doshi and Sabina Jorgo leave, here's who will replace them
At 17:00, the deputies returned to the Assembly hall and completed the oath-taking procedure. 138 deputies were sworn in during this session, after 2 elected......
Over 66 thousand vehicles registered for the first time - 8 months, Asian cars confirm the upward trend
Data published by the General Directorate of Road Transport Services, for the period January-August 2025, reflect an increase in the total number of vehicles......
Strategic investments in energy, tourism and industry - Two projects are approved through a special procedure
The Strategic Investment Committee approved four new statuses for projects affecting various sectors, including tourism, energy and industry. These projects......
Is the map of Albania “overturned”? - New administrative-territorial division. Depopulation is reflected, units are strengthened
The map of Albania will change. The country's territory will be divided into new regions and the number of municipalities is expected to be reduced. After......
The President of the Republic, Bajram Begaj, mandates Prime Minister Edi Rama to form a new government!
At noon, the President of the Republic, Bajram Begaj, mandated Prime Minister Edi Rama to form a new government. For his part, the Prime Minister has......
Green Coast Hotel - MGallery Collection wins the "Architectural Highlight of the Year" award at the GRI Awards Europe 2025
At the ceremony organized in Paris by the GRI Institute, Green Coast Hotel - MGallery Collection was awarded the prestigious award for the best architecture......
