Brazil will not support the G7 initiative to impose restrictions on "price" Russian oil

Brazil has announced that it will not support the initiative of the G7 countries to impose restrictions on the purchase price of Russian oil.

In response to the Russian news agency RIA Novosti, the Brazilian Foreign Ministry said that “Brazil is not part of the G7 and does not follow its decisions.”

The leaders of the G7 countries (Great Britain, Germany, Italy, Canada, USA, France and Japan) announced at the summit on June 26-28 their intention to reduce energy dependence on Russia and agreed in principle to start reducing Russian oil and gas prices.

According to a statement released after the summit, the leaders of the organization “welcome the decision of the European Union to seek with international partners ways to contain energy prices, including the possibility of imposing temporary restrictions on import prices when necessary.”

Source: RIA Novosti

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