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What are the US and G7 proposing for Russian energy?
The US and G7 are considering measures that could include restricting Russian energy exports or imposing tariffs on Russian oil. These actions aim to weaken Russia's economy by limiting its revenue from energy sales, which is a major source of income for the country. Such proposals are part of broader efforts to pressure Russia into changing its actions in Ukraine.
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Could tariffs on China and India influence Putin’s decisions?
While tariffs on China and India are primarily aimed at those countries' trade policies, they could indirectly impact Russia by affecting global economic stability. If these tariffs lead to economic disruptions, Russia might reassess its strategies, especially if it faces increased isolation or economic pressure from Western sanctions.
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How might these sanctions impact global oil markets?
Sanctions targeting Russian energy could reduce the global supply of oil, leading to higher prices worldwide. This could benefit oil-producing countries but also increase costs for consumers and businesses everywhere. The overall effect depends on how extensive the sanctions are and how Russia responds to these measures.
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Are there risks of escalation or retaliation?
Yes, imposing sanctions always carries the risk of escalation. Russia could retaliate with its own measures, such as cutting off energy supplies or increasing military activity. This could lead to a cycle of retaliation that might escalate tensions further, making a peaceful resolution more difficult.
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Can sanctions really end the Russia-Ukraine war?
While sanctions can pressure Russia economically and politically, they are unlikely to be a quick fix. Ending the war depends on multiple factors, including diplomatic negotiations, military developments, and Russia’s willingness to change course. Sanctions are a tool, but not a guaranteed solution.
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What is the legal basis for seizing Russian assets?
The proposal from the US and G7 suggests creating a legal pathway for countries to seize Russian assets held abroad. This would involve international legal mechanisms to redirect seized assets toward funding Ukraine’s defense efforts. Such measures are complex and could face legal and diplomatic challenges.