"Big Seven" banned all the imports of diamonds, aluminum, nickel and copper from
"Sanctions have a clear impact on the humiliation of Putin's military efforts," he explained. The implementation of natural resources gives Russia the opportunity to receive considerable funds. As reported by the Ministry of Economy of Ukraine, on import of rubber and diamonds, the Russian Federation earned up to $ 2 billion every year.
Representatives of the Ukrainian government believe that the formation of global approaches at G7 will allow to undermine the economic impact of the Russian Federation, which is leading an aggressive war. Also among the priorities for the introduction of sanctions are the financial industry, Russian propagandists, banks that are maintained by the Russian Security Service of Ukraine, as well as the metallurgical industry. Visa restrictions for supporters of the aggressor regime are not excluded.
Important issue is the detection and prevention of circumference of sanctions. The corresponding work of the Cabinet of Ministers and the Allies' Governments on counteraction is ongoing. We will remind, on May 15 in the White House stated that sanctions against Russia significantly limit the activity of the MIC of the Russian Federation and gradually destroy its economy.
In the US, it is believed that if the Russian economy has not been completely destroyed in the last year, it is still significantly affected. This prompted the Kremlin leadership to excessive financial costs, in particular to strengthen the ruble, but such radical measures cannot take a long time. Also in March 2022, the US President forbade the import of traditional Russian products in connection with the invasion of Ukraine.