by U.S. Department of Treasury
WASHINGTON — During today’s call with G7 Finance Ministers, Secretary Bessent reiterated President Trump’s call to our G7 partners that, if they are truly committed to ending the war in Ukraine, they should join the United States in imposing tariffs on countries purchasing oil from Russia. Secretary Bessent and Ambassador Greer also welcomed commitments to increase sanctions pressure and explore using immobilized Russian sovereign assets to further benefit Ukraine’s defense.
“Only with a unified effort that cuts off the revenues funding Putin’s war machine at the source will we be able to apply sufficient economic pressure to end the senseless killing,” said Secretary Bessent and Ambassador Greer. “Thanks to President Trump’s bold leadership, the United States has already taken dramatic action against the purchasers of Russian oil. We are encouraged by the assurances of our fellow G7 nations that they are committed to ending this war, and we are hopeful that they will join us in taking decisive action at this critical time.”
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