G7 leaders signal tougher Russia sanctions targeting oil and gas

G7 leaders said in recent talks that they will step up sanctions on Russia, with a focus on the oil and gas sectors, to increase pressure on Moscow and support Ukraine. The discussions were described as “very productive,” according to a French diplomatic source. The statement did not announce any specific new measures but underscored an intent to tighten energy-related restrictions. Markets have been watching for signs that tougher curbs could affect the stability of Russia’s crude exports and raise concerns about tighter global supply.