290 Civil Society Teams Urge EU & G7 to Cease Funding the Militarization of Russia

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The European Union and G7 should tighten their grip on Russia’s key income streams from exports of fossil fuels, say 290 European, worldwide and Ukrainian NGOs in a joint public attraction to leaders of the EU and G7. Because the tragic anniversary of two years of battle hits Ukraine, there’s a clear have to ban Russian LNG gasoline imports and shut all loopholes in present sanctions to forestall additional escalation of Russia’s aggression in Europe past Ukraine. The EU’s and G7’s monetary assist for Ukraine dwindles in comparison with the influx to Russia’s battle chest from ongoing exports of fossil fuels. It’s paramount to now absolutely finish the financing of the Russian battle machine via fossil gas imports, which remains to be a tragic actuality.

In solidarity with the Ukrainian individuals, civil society teams demand the G7 and EU to:

1. Absolutely implement and cheaper price caps on Russian crude oil and oil merchandise.
2. Stop Russia from additional increasing the shadow fleet of harmful, virtually uninsured and unaccountable previous tankers, working via unlawful and doubtful administration preparations and missing transparency in possession.
3. Shut the “refining loophole”, which permits EU and G7 international locations to import oil merchandise — primarily diesel, jet gas and gasoline — produced from Russian oil at refineries in third international locations like India, Turkey or UAE.
4. Absolutely ban liquefied pure gasoline (LNG) imports from Russia and its transshipment in European ports for exports to different international locations.
5. Take decisive actions to scale back oil and gasoline consumption and finish import dependency to deflate the Russian battle financial system.

Learn extra from the letter right here.

Courtesy of T&E. Featured photograph by Markus Spiske on Unsplash.