"We also stated at this G7 meeting that this situation in no way justifies lifting the sanctions that exist against Russia. The strategic Strait of Hormuz has been brought to a standstill, threatening the world's energy markets, yet G7 leaders determined that geopolitical and economic pressures do not warrant reversing existing sanctions measures."
"I recalled that the immediate priority is to keep energy flows moving, especially navigation through the Strait of Hormuz critical for the global economy. Enforcing the oil price cap will help stabilise markets and limit Russia's revenues. This is not the moment to relax sanctions on Russia."
G7 leaders convened to address economic consequences of the US-Israeli war with Iran, particularly disruptions to global oil markets caused by the Strait of Hormuz blockade. France's President Emmanuel Macron and EU Commission President Ursula von der Leyen firmly stated that these circumstances do not justify relaxing sanctions against Russia. Von der Leyen emphasized maintaining energy flows and enforcing oil price caps to stabilize markets and limit Russian revenues. The G7 maintained unified opposition to sanctions relief, with European leaders backing the International Energy Agency's decision to release strategic oil reserves to mitigate market instability.
Read at www.dw.com
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