The G7 nations are intensifying efforts to pressure Russia by targeting its oil exports, aiming to gradually eliminate imports through sanctions, tariffs, and export bans to cut off revenue supporting Moscow's military actions in Ukraine.

These countries are also considering additional trade restrictions on entities that finance Russia's war efforts, especially focusing on refined products derived from Russian oil, and are determined to close loopholes and curb circumvention.

At the UN General Assembly, US President Donald Trump called on European nations to immediately cease all energy purchases from Russia to reduce reliance and prevent wasting time in addressing the conflict.

Trump criticized NATO allies for not sufficiently reducing their Russian energy consumption and accused China and India of supporting Russia by continuing oil imports, labeling them as primary supporters of Moscow's war effort.

The United States is actively pushing its allies to stop importing Russian oil and has threatened to impose steep tariffs, potentially between 50% and 100%, on major buyers like China and India.

This push for sanctions and trade measures is part of broader efforts to weaken Russia's financial capacity following its annexation of Crimea in 2014 and ongoing invasion of Ukraine, which have prompted heavy Western sanctions.

While the G7 is considering additional restrictions, no specific countries have been named, though the focus remains on countries supporting Russia's war efforts.

The ministers have expressed their intent to significantly reduce and eventually phase out Russian hydrocarbon imports, including oil, as part of their broader strategy.

Despite these efforts, some EU members like Hungary and Slovakia continue to import Russian oil, prompting discussions about higher tariffs and further actions, with a G7 meeting scheduled in Washington this October to coordinate next steps.