21-05-2025
In peaceful Banff Rockies, Canada vows to help rebuild war-battered Ukraine
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Those new measures follow numerous rounds of sanctions imposed on Russia since February 2022 that have impacted the country's economy but not halted its military offensive.
U.S. President Donald Trump has said he will not impose new sanctions on Russia, calling them counterproductive.
Earlier this month, European countries that have already significantly lessened their dependence on Russian natural gas said they will completely ban those imports within two years.
Further sanctions on Russia to be discussed
G7 summiters are to discuss further sanctions on Russia, imposing a lower price cap on Russian oil to pressure Moscow's economy and action against its shadow fleet.
On Tuesday, Marchenko said progress at the G7 towards tougher sanctions on Russia, along with a lower oil price cap, would be welcome.
And he was asked if ministers at the G7 should pressure U.S. Treasury Secretary Scott Bessent to reimpose sanctions on Russia.
'During these meetings, we'll find a chance to reiterate our position for stronger sanctions on Russia because it's the only possible way to make necessary agreements (with Russia),' he said.
'It's a good time to make the Russian economy suffer.'
On Monday, Carney issued a tough statement against Israel's stepped-up onslaught on Gaza and Champagne was asked if taking further measures would be a topic at the Banff G7.
But he said that was a matter for the national leaders, who meet in June at Kananaskis, and not part of the Banff summit agenda.
