The US has pressured G7 countries to hit India and China with tariffs of up to 100 per cent for buying Russian oil in an attempt to force Moscow into peace talks with Ukraine, according to a document seen by the Financial Times, APA reports.
In a video call on Friday, finance ministers from the G7 leading economies discussed a US proposal for a round of new measures as President Donald Trump steps up efforts to broker a peace deal in Ukraine.
“The G7 should immediately impose 50-100 per cent secondary tariffs on China and India for their purchases of Russian crude oil,” according to a US position paper sent to G7 members ahead of the call and seen by the FT.
“The G7 should target the enablers and profiteers, mostly in China and India, to stop them from prolonging this war,” adds the document. Trump this week urged the EU to impose up to 100 per cent tariffs on China and India but is now expanding the push to include G7 allies.
“Chinese and Indian purchases of Russian oil are funding [Russian President Vladimir] Putin’s war machine and prolonging the senseless killing of the Ukrainian people,” said a US Treasury department spokesperson.
“Earlier this week, we made it clear to our EU allies that if they are serious about ending the war in their own backyard, they need to join us and impose meaningful tariffs that will be rescinded the day the war ends,” they added.
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