UK Urges G7 Members to Ban Russian Oil

U.K. Foreign Secretary Liz Truss urged the entire G7 to ban Russia’s oil imports, saying the world’s largest economies should “double down” in pressuring Russia to end its invasion on Ukraine.

“We must double down on our sanctions. That includes… the G7 ending its use of Russian oil and gas” and fully blocking Russian banks from the SWIFT bank messaging system, Truss said in a joint press conference with U.S. Secretary of State Antony Blinken.

“We have surprised Putin with our unity and the toughness of our sanctions, hitting the banks, the ships, the planes, the oligarchs, and the oil and gas revenues,” said Truss.

“Now is not the time to let up. Putin must fail.”

The U.S. on Wednesday announced a ban on all imports of Russian oil, liquefied natural gas, and coal. Canada followed the move and Britain had pledged to end importing Russian oil within the year.

Other G7 members France, Germany, Italy and Japan have not yet made such move. German Chancellor Olaf Scholz had recently warned that a broad ban on oil from Russia, a major fuel supplier for Europe, could put the region’s energy security at risk.

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