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US rejects G7 plan to tackle Russia’s shadow fleet, prioritising China focus

  • The US vetoed a proposal by Canada to create a task force for monitoring violations of sanctions on Russian oil tankers, according to Bloomberg News.
  • The US preferred to revise the proposal to focus less on Russia's sanctions and more on China, as reported by sources to Bloomberg.
  • The US Treasury Department is examining possible sanctions on Russian oil companies and majors, as noted by a source familiar with the matter.
  • President Donald Trump expressed he is strongly considering imposing sanctions on Russia until a ceasefire is reached, stating, 'get to the table right now, before it is too late.
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Bloomberg broke the news in United States on Saturday, March 8, 2025.
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