ReferIndia News U.S. Treasury Urges G7 Action Against Chinese and Indian Oil Imports

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U.S. Treasury Urges G7 Action Against Chinese and Indian Oil Imports

Published on: Sept. 12, 2025, 6:54 p.m. | Source: Devdiscourse

The U.S. Treasury is urging G7 and EU allies to impose tariffs on imports from China and India to discourage their purchase of Russian oil. This move aims to cut off funding to Russia's war efforts in Ukraine. Discussions will be held at an upcoming G7 finance meeting.

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