Mayur MohtaG7 sanctions on Russia will stay in place in the energy sector, leaders said after a virtual meeting. They will work with the International Energy Agency and global partners to contain the energy crisis. Russian President Vladimir Putin also spoke about diesel supplies at the Valdai forum.
G7 sanctions on Russia will remain in force
The Group of Seven countries say their energy sanctions on Russia will stay in place. They plan to work with the International Energy Agency (IEA) and other international partners. Their aim is to stop the energy crisis from spreading further. The crisis could hit fuel, gas and other commodity markets. G7 leaders set out the plan in a joint statement.
What the leaders said after the virtual meeting
The G7 sanctions on Russia were a central point in the document released after the online meeting. It says:
“We will maintain sanctions against Russia while working with the IEA and global partners to prevent further spread of the consequences to fuel, gas and other commodity markets.”
Putin raises the diesel shortage at Valdai
Russian President Vladimir Putin spoke on October 1 at the Valdai forum. He commented on the global energy situation. He used the shortage of diesel fuel as an example. Putin said Russia has enough diesel for its own needs. He added that the fuel will not reach world markets. He blamed the sanctions on Russian oil and oil products.
Akshay Didwaniya
Pratik Agrawal