What Impact Will G7 Photo Restoration

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Ahad
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Joined: Mon Jul 04, 2022 5:31 am

What Impact Will G7 Photo Restoration

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The Russian-Ukrainian crisis has continued to this day. The G7 has stated that it will increase sanctions against Russia. Coal has also become the EU's first energy embargo project. How much impact will the economies of various countries suffer? In addition, we also analyzed the latest data from the three major energy agencies, the impact of the decline in Russian oil production, the epidemic in China, and strategic oil storage on energy supply and demand. The latest sanctions: The Boucha incident triggered the G7 to expand sanctions, and coal became the EU's first energy embargo project After the "Bucha Incident" (Note) in Ukraine, the sanctions imposed by Western countries on Russia have been expanded again. The G7 issued a joint statement on April 7, saying: "We will accelerate the plan to reduce energy dependence on Russia, including phasing out and banning Russia.

Coal imports, and accelerating the reduction of dependence on Russian oil.” The EU, Japan, and the UK also made more statements. The EU passed the fifth round of sanctions against Russia on the 8th, banning the import of coal, wood, chemicals and other products, among which The ban on Russian coal imports will take effect from the second week of August. ​​ Notes: Butcha Incident After the Russian troops Photo Restoration withdrew from the town of Butcha in the outskirts of Kyiv, Ukraine in early April, international media and social media accused them of causing a large number of civilian deaths and injuries, and were suspected of war crimes and genocide. ​​ The Japanese government said that in addition to banning the import of Russian coal, it will also ban Russian machinery, some timber and vodka; the United Kingdom has promised to stop all Russian coal and oil by the end of 2022, and natural gas will follow suit.

Although the G7 statement stated that it will impose sanctions on Russia's energy industry, there are obvious differences in the policies of various countries. We can find that the United States and the United Kingdom have the most restrictions on Russia. Natural gas, crude oil, and coal are all on the list of prohibited imports. Japan and the European Union currently only include coal on the sanctions list, while Canada prohibits the import of Russian crude oil. The main reason is that countries have different degrees of dependence on Russia for energy. Below, we sort out the amount and proportion of energy commodities imported from Russia by countries, and sort out which countries face higher risks. Overall, Canada and the United States are net exporters of energy (oil, gas, coal), and the imposition of an energy embargo on Russia will not seriously affect the domestic supply of raw materials. Japan is the demand country for raw materials, but t
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