G7 nations considering near-total ban on exports to Russia: reports

Be a man and ban all exports

What do you mean: Near total ban? Grow some!

more 'Definite-Maybe Syndrome'.....

I think they won't do it. It will merely demonstrate to the world how little they actually produce.

But on another note, in the last year the US$ has seen a 19% decline (and still falling like a rock) in international trade. The Yuan has only increased by 3% (though that will spike from now). The Euro is flat. It fell but then rose again to be flat. The interesting thing I found is that the Yen has also increased by 3%. Does anyone know what that's about?

There are other countries beside G7 for Russia to have cooperation and trade,

There are more than 190 countries in the world

https://www.un.org/en/about-us/member-states

Some countries willing to work with Russia

https://www.japantimes.co.jp/news/2023/04/13/business/saudi-russia-oil-alliance

https://www.cnbc.com/2023/03/22/china-and-russia-affirm-multi-year-economic-cooperation.html

https://www.theguardian.com/business/2023/apr/18/india-russia-talks-free-trade-agreement-deal-ukraine

What can G7 offer so far? Aging and less growth economy?

https://www.pewresearch.org/short-reads/2019/08/23/g7-nations-stand-out-for-their-low-birth-rates-aging-populations/

We realized Russia remains not much different from the time of Tzar. People are ignorant and living like slaves.

China will gleefully step up to fill the void

G7 nations considering near-total ban on exports to Russia: reports

Like others said- Total Ban!

Be like Nike and Just do it.

Embargoes have never had successful results. They are pre-cursors to war.

So it's near total because of Japan and America...

Grow some balls

We realized Russia remains not much different from the time of Tzar. People are ignorant and living like slaves.

You should try and come with something more original than merely parroting the leaders of the Third Reich.

Anyone still claiming sanctions are working?

If the present sanctions, oil price caps, etc.. were working then this idea being floated wouldn't be needed!

And best, How to enforce it?

Already the oil and gas sanctions are being circumvented by EU members through China and India.

What do you think this two are going to do? They will buy and resell to Russia.

I still cannot understand how people that say they are more intelligent than others think sanctions work.

North Korea, decades of sanctions, they are still firing Rockets and have Nukes. Cuba, the government hasn't changed in 60 years. Iran over 4 decades and still there in power, but sanctions are going to work on Russia a country that is multiple times more self-sufficiency than the others.

Seriously?

Anyone still claiming sanctions are working?

Anyone still claiming Kyiv will fall to the Russians any day now?

Besides you I mean.

rainyday

Today 09:10 am JST

Anyone still claiming sanctions are working?

> Anyone still claiming Kyiv will fall to the Russians any day now?

> Besides you I mean.

Ah inventing things again.

I never claimed anything of the sort, I did say Russia would take the land from mainland Russia and connect a land corridor with Crimea, and I said would split off the southern part adding it to Russia.

I actually said, the attack on Kyiv last year was a diversion to grab and dig in in the south while Ukraine was busy fighting to protect Kyiv.

But you and the other 2 can claim I said whatever you want it seems to be a specialty of the 3 musketeers poorrainycards.

I was listening to economist Jeffrey Sachs the other day and he remarked that the Russia people's ability to suffer is a kind of super power.

What exactly is the goal of a total/near band on all trade with Russia?

I have been looking for numbers something not pointed out here!

Russian imports From the G7 is microscopic. It's imports from all the EU, UK, USA, Canada, Japan, is less than half the post sanctions exports Russia has been selling to these countries.

And despite the talk The EU will import more in 2023 than 2022.

Again, Russia has been and is nearly self-sufficient.

Russia imports machinery and equipment, vehicles, consumer goods, foodstuffs, chemical products, and industrial consumer goods. Major trading partners of Russia are Germany, Italy, China, Turkey, Poland, Switzerland, the United Kingdom, the United States, and Finland.

wallace

Today 09:53 am JST

Russia imports machinery and equipment, vehicles, consumer goods, foodstuffs, chemical products, and industrial consumer goods. Major trading partners of Russia are Germany, Italy, China, Turkey, Poland, Switzerland, the United Kingdom, the United States, and Finland

You don't say? Did you find that all on Google or duck duck?

I no one said they don't import they just don't do much and what they do they have alternatives.

As for Russia's major trading partners interesting you left out China, Russia's number one trading partner long before the war.

rainyday

Today 09:37 am JST

I actually said, the attack on Kyiv last year was a diversion to grab and dig in in the south while Ukraine was busy fighting to protect Kyiv.

> Oh that is right, I stand corrected. Its hard keeping track of which Kremlin propaganda points you are choosing to parrot. My apologies.

And the comment of the Day goes to Rainyday that as usual doesn't like someone's comment makes the accusation of being Kremlin propaganda or propagandists.

It is what the 3 do, they are wrong make up stuff get caught call names and accuse if being a kremlin paid or unpaid propagandists.

They want to inflict yet more punishment on their own economies.

Perhaps if the citizens of the G7 nations didn't whine about their gas/electric price, then perhaps their democratic government would grow some balls.

Because the ban on buying oil from Russia has worked out so well?

G7? There are 8 people at the table?

Antiquesaving

   wallace

   Today 09:53 am JST

   Russia imports machinery and equipment, vehicles, consumer goods, foodstuffs, chemical products, and industrial consumer goods. Major trading partners of Russia are Germany, Italy, China, Turkey, Poland, Switzerland, the United Kingdom, the United States, and Finland

> You don't say? Did you find that all on Google or duck duck?

You constantly accuse others of posting personal insults but then you do the same.

I no one said they don't import they just don't do much and what they do they have alternatives.

English, please.

As for Russia's major trading partners interesting you left out China, Russia's number one trading partner long before the war.

How? China is in my comment and is Russia's single largest trading partner but cannot supply all their needs. But the combined totals of the other countries are greater than China.

Bye bye Japan.

G7? There are 8 people at the table?

there are 9. They are being lectured by Zelensky by video conference. In the video of this event they clap when he finishes.

pfaulkne

Today 10:18 am JST

G7? There are 8 people at the table?

Ah because the influence power and economies of the actual G7 wouldn't be what they claim with adding the full EU.

So in reality the G7 +E27 with Germany, France and Italy being counted in both!

So in reality the G31 and they still are being surpassed by BRICS.

So in reality the G31 and they still are being surpassed by BRICS.

The OECD, which is what you should really be talking about, has 42.8% of global GDP and BRICS has 31.5%. And the OECD is more than just a collection of disparate countries. Feel free to check my numbers.

The Foreign Ministers of the G7 countries, along with the High Representative of the European Union for Foreign Affairs and Security Policy.

I was listening to economist Jeffrey Sachs the other day and he remarked that the Russia people's ability to suffer is a kind of super power.

Surprise, surprise, people living in desperate circumstances can endure the most. There is nothing genetic involved. It was true for Fascist Germany and is true for Fascist Russia.

Embargoes have never had successful results. They are pre-cursors to war.

Nonsense. The US is not at war with Cuba or Iran.

Near total ban on all exports to Russia . . . What a splendid idea!

Banning all exports may not be the way to go. Banning all imports from Russia would hurt its income stream where as banning your own exports hurts your own income. Things like food and medicine and children's toys (with no electronics in them), clothes and footwear, jewellery beauty products etc should be continued. Anything that can not be a tool in their invasion of Ukraine should continue to be exported to Russia as every cent/yen/rouble it spends on non lethal everyday items is a cent/yen/rouble it is not spending on the military.

In other words a sensible strategy must be employed rather than just the most extreme action taken. Russia can source most things through other nations like China, India and other nations not sanctioning Russia. Maybe not in the quality it wants but if you cant buy the best or second best you buy the best you can source and make do.

Better to bleed the Russian purse dry on everyday items than just make them source alternatives. You hurt your own exports and help sub standard exporters to thrive instead.

Be smart about it, not emotional and silly about it. Maximum effect at the smallest cost. Ban all Russian goods and services and limit its imports to non technical everyday items from the G7 and allied nations that support Ukraine.

TaiwanIsNotChina

Today 11:25 am JST

Embargoes have never had successful results. They are pre-cursors to war.

> Nonsense. The US is not at war with Cuba or Iran

Yes lets look at those two: 60 years and 40 years, and no success!

TaiwanIsNotChina

Today 11:12 am JST

So in reality the G31 and they still are being surpassed by BRICS.

> The OECD, which is what you should really be talking about, has 42.8% of global GDP and BRICS has 31.5%. And the OECD is more than just a collection of disparate countries. Feel free to check my numbers

Pick and choose if you want:

G7 is going down this is a fact even Bloomberg admits that.

Bloomberg estimates that the BRICS nations will contribute 32.1 percent of global growth, compared to the G7’s 29.9 percent, based on the most recent IMF figures.

> According to the Bloomberg analysis, the G7 and BRICS nations each contributed equally to global economic growth in 2020. The western-led bloc’s performance, however, has since declined. The G7 is expected to make up just 27.8 percent of the global economy by 2028, while BRICS will make up 35 percent.

> “In total, 75 percent of global growth is expected to be concentrated in 20 countries and over half in the top four: China, India, the US, and Indonesia. While Group of Seven countries will comprise a smaller share, Germany, Japan, the United Kingdom, and France are seen among the top 10 contributors,” Bloomberg reports.

G7 and allied nations that support Ukraine.

Well it is nearly only the G7.

Remember G7 is actually 31 countries, so toss is Australia New Zealand, a few other and that is the total of countries that are sanctioning Russia. (Lets say 40 countries except a few are actually dependencies Taiwan and Kosovo.)

The other 150 countries in the world are not supporting sanctions, but many are being forced, blackmailed and facing starvation due to the G7 cutting off their access to food and oil.

40 million more face starvation due to the forced imposing of sanctions by blocking African countries being able to pay Russia because the USA blocks SWIFT payments.

40 million women and children.

Iranian sanctions have hurt the country very badly. The embargo also hurt Cuba but it should not have happened. The embargo against Cuba was only American.

Whatever is happening because of sanctions against Russia, it is 100% responsible for what is happening in Ukraine and elsewhere.

The blame lies at the feet of Putin. Even some of his top people want to end his madness.

wallace

Today 01:59 pm JST

Iranian sanctions have hurt the country very badly. The embargo also hurt Cuba but it should not have happened. The embargo against Cuba was only American.

And 60 years on 40 years on no change.

Oh wait yes Iran has made friendly now with Saudi Arabia.

If you think 60 years on little Cuba and 40 years on Iran and no change in the government is a success, guess the USA and EU better prepare for at least 100 years of sanctions on Russia.

It is amazing how the goal post keeps being moved.

Sanctions will not do anything they didn't work before they won't work now.

The old expression: the definition of insanity is doing the same thing over and over again and expecting different results.

Cuba, Iran, North Korea. 3 of the most sanctioned countries ever and no change.

Oh and before someone points to apartheid South Africa, big difference, despite apartheid, South Africa was an elected government with multi party elections, the white people actually had a say.

Cuba, Iran, North Korea and Russia are not, Putin and his cronies are an authoritarian government with rigged elections, sanctions don't work on thes

e types of places.

Antiquesaving

Remember G7 is actually 31 countries

No, it is not. Try getting all your duck duck duck in a row. G7 is 7. 2+2 does not equal 5. At the G7 meetings, the EU has a representative for the EU not all the 27 countries of it. It reports back to the EU parliament.

wallace

Today 02:19 pm JST

Antiquesaving

> Remember G7 is actually 31 countries

> No, it is not. Try getting all your duck duck duck in a row. G7 is 7. 2+2 does not equal 5. At the G7 meetings, the EU has a representative for the EU not all the 27 countries of it. It reports back to the EU parliament

https://en.m.wikipedia.org/wiki/G7

Oh trying to play with words and facts.

Nice try.

Now that EU delegation, howsny countries do they represent?

1 ? No! 27 countries? Yes.

The economy figure for the "G7" includes how many countries? 7? No! 31? Yes.

I guess you need to look again at you comment.

Just because the EU claims to Only have one seat at the table does not mean it represents one country, it represents 27 countries.

Antiquesaving

   wallace

   Iranian sanctions have hurt the country very badly. The embargo also hurt Cuba but it should not have happened. The embargo against Cuba was only American.

> And 60 years on 40 years on no change.

There have been some changes. The Castro family is no longer part of the Cuban government.

Oh wait yes Iran has made friendly now with Saudi Arabia.

Maybe something will change with Iran but I doubt it, especially its attitude towards funding international terrorism and Israel.

If you think 60 years on little Cuba and 40 years on Iran and no change in the government is a success, guess the USA and EU better prepare for at least 100 years of sanctions on Russia.

There has been a change of government in Cuba.

It is amazing how the goal post keeps being moved.

How so?

Sanctions will not do anything they didn't work before they won't work now.

Sanctions and embargos hurt both countries.

The old expression: the definition of insanity is doing the same thing over and over again and expecting different results.

Really. So you think ending all sanctions against Iran and North Korea is the way?

Cuba, Iran, North Korea. 3 of the most sanctioned countries ever and no change.

All countries have been seriously restricted.

Oh and before someone points to apartheid South Africa, big difference, despite apartheid, South Africa was an elected government with multi party elections, the white people actually had a say.

Apartheid in SA ended for many reasons.

Cuba, Iran, North Korea and Russia are not, Putin and his cronies are an authoritarian government with rigged elections, sanctions don't work on thes

> e types of places.

Your conclusion sanctions do not work.

Antiquesaving

no play on words.

even you can count up to 7 yes?

G7 countries.

France, the United States, the United Kingdom, Germany, Japan, Italy, and Canada.

Seven yes?

At the G7 meeting representatives of the EU parliament attend and is a full member. Whatever the EU decides must be taken back to the EU parliament. It represents the EU parliament.

wallace

Today 02:35 pm JST

Antiquesaving

> no play on words.

> even you can count up to 7 yes?

> G7 countries.

> France, the United States, the United Kingdom, Germany, Japan, Italy, and Canada.

> Seven yes?

> At the G7 meeting representatives of the EU parliament attend and is a full member. Whatever the EU decides must be taken back to the EU parliament. It represents the EU parliament

Keep telling yourself that.

The EU is a full member and that extends to the countries in the EU.

The G7 Global GDP includes the GDP of all 27 EU countries.

So G7 is 31 countries, if not then remove the other 24 EU member economies from the G7 total.

wallace

Today 02:35 pm JST

There have been some changes. The Castro family is no longer part of the Cuban government.

There has been a change of government in Cuba.

I see grasping at straws again.

Castro aged out retired, nothing zero, nada, to do with sanctions.

The government is still the same.

But nice try

Note, NO Russian IMPORT BAN, too many needed items, especially energy, rare earths, other metals/minerals, foodstuffs, various other commodities.

Too many Export loopholes, China/NK/Iran/etc. benefit, India/others loving it, wasting time as Ukraine disintegrates.

No public support across Europe for NATO Membership anyway, NEUTRAL Ukraine will emerge eventually. As few in Europe wants direct Russian confrontation.

Polls surveying those across Europe supports Ukraine joining NATO other than Poland and few other tiny countries neighboring Russia.

Time to press towards compromise and peace, not delay inevitable and hand China and others huge long-term structural geopolitical and other advantages. Europe is in chaos, there's definitely no will, need or capacity for escalation and an opened ended conflict with Russia.

The EU parliament is a full member. It never holds the presidency. The EU is therefore a “non-enumerated” member. Decisions taken at the G7 are not legally binding.

Translation? MOST of Europe's not interested in more escalation, people suffering, but nothing like Ukraine.

Trying to shut down exports, another self-inflicted wound.

They definitely don't want Ukraine in NATO either, again except for few members bordering Russia.

It's clear, perfection not attainable, compromise a MUST

I never said the Cuban government changed because of an embargo. Sanctions and embargos are different.

We have your message, you do not support sanctions and embargoes.

The Cuban government is not the same. But the politics remain the same. One-party communist state.

Yes lets look at those two: 60 years and 40 years, and no success!

They are impoverished economically and we can see them on the verge of to taking out their mullahs in the case of Iran. Nobody said it was easy but it worked against South Africa.

If you think 60 years on little Cuba and 40 years on Iran and no change in the government is a success, guess the USA and EU better prepare for at least 100 years of sanctions on Russia.

If that is 100 years of impoverishing them and weakening their military, I'm all for it. You shouldn't give money to fascists. Just because murdering your citizens is popular in the world again doesn't mean it shouldn't be resisted as much as possible.

What a pack of buffoons.. A non west country will choose Russian resources over the worthless usd anyday

Time to press towards compromise and peace, not delay inevitable and hand China and others huge long-term structural geopolitical and other advantages. Europe is in chaos, there's definitely no will, need or capacity for escalation and an opened ended conflict with Russia.

Nonsense. Russia is a gas station and nothing more. Gas can be gotten from lots of places at market rates. The only compromise might be between Russia and Ukraine. Putin isn't important enough to get a phone call from Biden unless it is for Biden to laugh at him.

What a pack of buffoons.. A non west country will choose Russian resources over the worthless usd anyday

Inflation is heading down you know. Still the reserve currency and still making the dictator cabal MAD.

TaiwanIsNotChina

Today 04:11 pm JST

> If that is 100 years of impoverishing them and weakening their military, I'm all for it.

And you forget the key difference.

Even before the sanctions, Russia was nearly self-sufficient.

That has not changed.

And despite your yelling, China and India and Russia are not going to stop trading.

If anything the bullying tactics have backfired and pushed these 3 closer as well as many African countries.

As American and European leaders toured Africa, most got nothing but an earful of "none of your business what we do" and "don't try telling us who we can do business with".

The French the Germans and the Americans all got told off while meeting African leaders!

Most realized now that they're one step away from sanctions and blackmail by America and the G7 along with its EU partner.

AntiquesavingToday  04:23 pm JST

As American and European leaders toured Africa, most got nothing but an earful of "none of your business what we do" and "don't try telling us who we can do business with".

The French the Germans and the Americans all got told off while meeting African leaders!

Most realized now that they're one step away from sanctions and blackmail by America and the G7 along with its EU partner.

Yep, it's TREND, US/NATO in global south's mind, militaristic, resource exploitation, rigged financial and commodities markets, massive Central Banking money printing fueling GLOBAL inflation etc.

Let's just say it's not great BRAND, nobody's buying OUR democracy either, making China, Russia and their ilk VERY attract from a risk/hedge standpoint!

> TaiwanIsNotChina

Today 04:19 pm JST

What a pack of buffoons.. A non west country will choose Russian resources over the worthless usd anyday

> Inflation is heading down you know.

You are right.

The USA inflation rate in March was 5%

The Russian inflation was 3.5% dropping faster than the USA.

https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/

https://www.statista.com/statistics/276323/monthly-inflation-rate-in-russia/

Still the reserve currency and still making the dictator cabal MAD.

I don't see anyone mad!

I do see plenty dropping or making the move to drop the US dollar.

https://geopoliticaleconomy.com/2023/04/06/dedollarization-china-russia-brazil-asean/

The global de-dollarization campaign is gaining momentum, as countries around the world seek alternatives to the hegemony of the US dollar. China, Russia, Brazil, India, ASEAN nations, Kenya, Saudi Arabia, and the UAE are now using local currencies in trade

> Even the Financial Times newspaper has acknowledged that a “multipolar currency world” is emerging.

And why? Because they now understand the power of the blackmailing the USA has and no longer want it.

Food inflation in most countries' HIGH double digits, something tells these countries want access to Russian food and agricultural commodities/potash to enhance their crop yields. etc.

US food inflation was 8.5% for March annualized, Core US inflation 5.6% Inflation so high globally as US $ so strong relative to their currencies, short answer.

All these 'printed' dollars/euros/yen COMPETE for things like food, hence THEIR anger, STARVATION and interest in OTHER Partners like China/Russia/etc.

Very good idea. Russia will go shopping somewhere else and the G7 countries will close their factories.

Total ban on exports and imports to and from Russia is necessary to stop to feed the financial and material resources that enable the war to continue. Over one year of deaths of young soldiers of both sides, deaths and injuries of civilians, millions of refugees from Ukraine, inflation worldwide and the threat of use of nuclear weapons by Putin, so, an urgent action has to be taken, before it escalates to worse.

This is definitely a good news for China, more business opportunity to export: Made in China to Russia or Belarus!

Very good step, ban all the export, we don't want to have anything common with the evil

The global de-dollarization campaign is gaining momentum, as countries around the world seek alternatives to the hegemony of the US dollar. China, Russia, Brazil, India, ASEAN nations, Kenya, Saudi Arabia, and the UAE are now using local currencies in trade

Even the Financial Times newspaper has acknowledged that a “multipolar currency world” is emerging.*

And why? Because they now understand the power of the blackmailing the USA has and no longer want it.

Nobody wants 50 local currencies to trade. No ones a manipulated Renminbi or a Ruble good only for gas.

Butter find new markets first.

The NATO and US are not winning the proxy war in Ukraine against Russia so they have concocted this economic attack. Russia doesn’t care. Many other countries continue to have good relations with Russia. This will not work because Russia will lead a coalition of nations to invade Israel for a spOIL according to the Ezekiel 38-39 prophecy. They will definitely be defeated there by God himself. Then, the G7, UN, WEF, et. al. can fill in the power vacuum and usher in their one world global government that will eventually be ruled by the final world tyrant, the AntiChrist. After 7 years of his ruthless dictatorship, Jesus will come back to establish his 1,000-year reign. Then, onward into the eternal state.

The NATO and US are not winning the proxy war in Ukraine against Russia so they have concocted this economic attack. Russia doesn’t care. Many other countries continue to have good relations with Russia. This will not work because Russia will lead a coalition of nations to invade Israel for a spOIL according to the Ezekiel 38-39 prophecy. They will definitely be defeated there by God himself. Then, the G7, UN, WEF, et. al. can fill in the power vacuum and usher in their one world global government that will eventually be ruled by the final world tyrant, the AntiChrist. After 7 years of his ruthless dictatorship, Jesus will come back to establish his 1,000-year reign. Then, onward into the eternal state.

This is some good conspiracy stuff, and I don't doubt it come from the Bible. Russia is paying a high price for its "wins", though.

G7 nations considering near-total ban on exports to Russia: reports

....while predictably forgetting that they are more dependent on imports from Russia than Russia is on imports from them. This is Western hubris at its peak.

....while predictably forgetting that they are more dependent on imports from Russia than Russia is on imports from them. This is Western hubris at its peak.

There are lots of places to get gas that don't start illegal wars of aggression. The Russian government may want their people to eat bitterness, but I bet the people don't really want that.

Total ban on exports but wanting from them all the wheat grains to put own people something on the plate for eating. lol