G7 imposes new sanctions against Russia: focus on oil exports

During a virtual meeting of the G7 finance ministers on October 1, the decision was made to impose new wide-ranging sanctions against Russia. The main focus of the new sanctions will be on the country's oil exports. Such actions are considered unacceptable due to violations of NATO airspace and attacks on Ukraine. In addition, there are plans to significantly reduce the import of hydrocarbons from Russia with the aim of complete abandonment of them in the future.Thus, the G7 finance ministers have decided to impose strict sanctions against Russia aimed at limiting oil exports, which is the country's main source of revenue, due to its actions that threaten international security and peace.