The Kremlin warned of a threat to the global economy due to G7 sanctions

The new sanctions against Russia being discussed by the G7 countries, including a total export ban, could accelerate the slide of the global economy into a crisis, said presidential spokesman Dmitry Peskov, RBC correspondent reports.

“We proceed from the fact that in any case, both the current sanctions that have been introduced against our country and the new additional steps that Brussels and Washington are probably thinking about now, they will, of course, hit the global economy. Therefore, this can only lead to an increase in trends towards a global economic crisis,” Peskov said.

The United States and a number of other countries allies of Ukraine are considering the possibility of an almost complete ban on exports to Russia, Bloomberg previously reported, citing sources. This information was confirmed by the agency Kyodo. According to his interlocutors, G7 officials are discussing the idea ahead of the G7 leaders' summit in Japan in May.

If the proposal is accepted, then the sanctions regime will change radically: any export to Russia will be banned by default, unless a separate permit is given for it. Countries could extend the ban to used cars, tires, beauty products and clothing, according to a Kyodo source. The list of goods has not yet been agreed - before that, the G7 leaders have yet to agree on whether they take new measures or not. According to Bloomberg, most likely, exemptions from sanctions will be made for medicines and agricultural products.