Macron and Scholz said that the G7 will continue to increase pressure on Russia

The West will continue to "increase the economic and political costs" of the Russian authorities, the leaders of Germany and France said following the G7 summit. Both Scholz and Macron noted

Sanctions against Russia will remain in place for as long as necessary, French President Emmanuel Macron said at a press conference following the G7 summit in Elmau, BFM TV reports.

“Russia <...> must not win. Our support for Ukraine and our sanctions against Russia will continue for as long as necessary,” Macron said.

The fact that the West will continue to increase pressure on Moscow, following the results of the G7 summit, was also announced by German Chancellor Olaf Scholz. He, like Macron, said that "Russia should not win" this conflict.

The G7 remains united in their support for Ukraine. We will continue to support and increase the economic and political costs <...> for [Russian President Vladimir] Putin and his regime,” the Chancellor said.

How the leaders of the G7 met in the Alps. Photo report Photo gallery 

The G7 summit (an informal association that includes Britain, Germany, France, USA , Italy, Canada and Japan) this year was held from 26 to 28 June at Elmau Castle in the Bavarian Alps. As a result of the talks, the leaders of the G7 member countries announced that they intend to continue to impose "targeted sanctions" against Russia. In particular, as US President Joe Biden said , we are talking about a ban on the import of Russian gold. In addition, the G7 is considering imposing a cap on Russian gas prices to cut Moscow's revenue from energy exports, Bloomberg learned.

The Kremlin has repeatedly called Western sanctions against Russia illegal. Speaking about the possible limitation of prices for Russian gas, Presidential Press Secretary Dmitry Peskov said that this issue should be discussed with Gazprom. As for the future ban on the import of Russian gold, the precious metals market is quite large, voluminous and very diverse,” he said. And, as with other commodities, if one market becomes unattractive due to illegal decisions, there is "a reorientation to where those commodities are more in demand and where there are more comfortable and more legitimate economic regimes," the spokesman said.

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