G7 ministers link future Russia sanctions to good-faith talks

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G7 Weighing Tightening Russian Oil Price Cap

The Group of Seven is considering collectively tightening an oil price cap on Russian petroleum in an effort to cut Moscow’s oil revenues as the war in Ukraine rages on, Bloomberg has revealed. A draft statement seen by Bloomberg shows that these nations could task their finance ministers to collectively redraw the price limit--currently set at $60 a barrel for Russian crude. Last December, the Biden administration tightened sanctions on Russian…

Le Figaro

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It will focus "essentially on the energy resources Russia uses to finance its war effort, and in particular on the means Moscow has found to circumvent the sanctions that we have applied".

Bloomberg

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Ziemba: Sanctions Enforcement on Russia To Ease Up

Rachel Ziemba, Founder of Ziemba Insights speaks with Bloomberg TV’s Joumanna Bercetche on the Horizons Middle East and Africa show about US-Europe transatlantic relations in the context of Putin’s war on Ukraine, peace talks and Saudi Arabia’s and the UAE’s roles in engaging in diplomatic efforts to negotiate an end to the Russia-Ukraine conflict. (Source: Bloomberg)

The Kyiv Independent

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G7 leaders: Future sanctions hinge on Russia's 'good faith efforts' during peace talks

The Group of Seven (G7) countries agreed to link any future tightening of sanctions against Russia to the progress of upcoming peace negotiations, after a meeting on Feb. 15.The G7 ministers convened at the Munich Security Conference, which is ongoing from Feb. 14 until Feb. 16.Foreign Minister Andrii Sybiha participated in some of the talks held by the ministers.The group emphasized in a statement that any new sanctions after February 2025 shou…

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Group of Seven foreign ministers agreed on Saturday to continue working together to reach a strong peace deal for Ukraine with strong security guarantees and to tie future sanctions on Russia to good faith negotiations from Moscow.

censor.net

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On Saturday, February 15, the “Group of Seven” (G7) countries agreed to link further tightening of sanctions against Russia with good faith negotiations by Moscow.