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globalnews·Global NewsbyBrikoX

US vetoes G7 proposal to combat Russia’s shadow fleet of oil tankers

US pushes to remove references to sanctions and Russia’s war in Ukraine from a Canadian draft statement

Archived version: https://archive.is/20250308213940/https://www.theguardian.com/us-news/2025/mar/08/america-vetoes-g7-proposal-to-combat-russias-shadow-fleet-of-oil-tankers

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US vetoes G7 proposal to combat Russia’s shadow fleet of oil tankershttps://www.theguardian.com/us-news/2025/mar/08/america-vetoes-g7-proposal-to-combat-russias-shadow-fleet-of-oil-tankersOpen linkView original on lemmy.zip
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Shawdow194
fedia.io

As well as vetoing Canada’s proposal to establish a task force to monitor sanctions breaches, the draft G7 statement seen by Bloomberg News shows the US pushed to remove the word “sanctions” as well as wording citing Russia’s “ability to maintain its war” in Ukraine by replacing it with “earn revenue”.

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atro_cityreply
fedia.io

The war in Ukraine is a revenue earning process for Russia according to the US? Is this a euphemism?

6
CanadaGeesereply
lemmy.zip

I mean, the parts of Ukraine russia hold just so happen to be where massive oil reserves were found/being prepped to drill conveniently before the war broke out, a LOT of those being offshore reserves.

So yeah, if russia manages to keep this somehow through negotiations or just by strongman-ing the land, they have a lot to gain financially by both controlling these reserves and by not having ukraine mine for them and sell them which would bring russia competition.

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US vetoes G7 proposal to combat Russia’s shadow fleet of oil tankers | Spyke