US Proposes Broad G-7 Sanctions on Russian Energy to End War

Source: Bloomberg News

"The US will urge its allies in the Group of Seven to imposes tariffs as high as 100% on China and India for their purchases of Russian oil in an effort to convince President Vladimir Putin to end his war in Ukraine.

The US will also tell the G-7 countries they should create a legal pathway to seize immobilized sovereign Russian assets and consider seizing or using the principle of those assets to fund Ukraine’s defense, according to a US proposal seen by Bloomberg. The vast majority of the about $300 billion of Moscow’s immobilized assets are in Europe.

Read More: Trump Floats New Tariffs on China, India to Squeeze Russia

Separately, senior US officials have floated with European counterparts the idea of gradually seizing Russia’s frozen central bank assets to increase the pressure on Moscow to enter into negotiations, according to people familiar with the matter who spoke on the condition of anonymity."



Read more: https://www.bloomberg.com/news/articles/2025-09-12/us-proposes-broad-g-7-sanctions-on-russian-energy-to-end-war