G7 agrees to use Russia trade tariffs to fund Ukraine: US

G7 agrees to use Russia trade tariffs to fund Ukraine: US

G7 leaders have agreed that money collected from higher trade tariffs imposed on Russian exports should be funnelled as aid to Ukraine, the White House said Monday.

President Joe Biden and other G7 leaders “will seek authority to use revenues collected by any new tariffs on Russian goods to help Ukraine and to ensure that Russia pays for the cost of its war,” a senior US official said.

Agence France-Presse (AFP) is a French state-owned international news agency based in Paris. It is the world's oldest news agency, having been founded in 1835 as Havas.

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