G8 Alliance Ousts Russia, Agrees on Sectoral Sanctions, Says Administration
President Barack Obama, and heads of state from Canada, France, Germany, Italy, Japan, and the United Kingdom, formally ousted Russia from an alliance now labeled the G7 on March 24, and generally agreed to increase sanctions in the Russian energy,…
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banking and arms sectors, a senior administration official told reporters in a press briefing. “A decision was taken that the G7 energy ministers should meet in the coming weeks to strengthen the collective energy security of the G7,” said a senior administration official. “And this provides a forum to discuss ways, for instance, to diversify energy supply for Europe as we consider potential sectoral sanctions, including on the energy sector in Russia.” Some U.S. lawmakers have been pushing for increased U.S. natural gas exports to Europe to alleviate dependence on Russian natural gas imports (see 14030614). The meeting came during the Nuclear Security summit.