Trump Signals Swift Return of Sanctions on Russian Oil as G7 Refocuses on Ukraine
President Donald Trump has signaled the swift return of sanctions on Russian oil, as G7 leaders gather in France to refocus on the ongoing conflict in Ukraine. The announcement came during the first day of the G7 summit, where Trump met with Canadian Prime Minister Mark Carney.
In a hot mic moment, Carney was overheard telling Trump that Russian oil represents 'less than three per cent of our market.' The two leaders walked together ahead of G7 meetings, though no bilateral discussions were officially planned between them.
The G7 summit is expected to address the Ukraine war, with leaders seeking a unified approach. Meanwhile, Canada's Liberal government has tabled First Nations drinking water legislation, a key domestic priority. Carney's itinerary for Day 2 includes meetings with multiple world leaders.
Other developments include the U.S.-Iran ceasefire deal, which has impacted oil prices, and a Canadian firm being awarded the first contract under the SAFE agreement. The summit continues amid ongoing global tensions.
