G7 countries are discussing proposals for an outright ban on most exports to Russia, a move that could increase pressure on Vladimir Putin as he continues his military actions in Ukraine.
This proposal is being debated among policy chiefs and may be approved at a summit in May.
According to Bloomberg, this would mark a significant change from the current sanctions regime and comes with a “risk of retaliation” from Russia.
The move could also create divisions within the EU and drive Moscow closer to China.
In response to this proposal, Russian journalist Mikhail Rostovsky, in an article for the pro-Putin news outlet Moskovskij Komsomolets, described the plans as a “new trap” and warned Putin not to be complacent.
He suggested that the initiative might be “too radical”.
The proposed ban on most exports to Russia would put significant pressure on Putin as his war in Ukraine continues.
However, there is a risk of retaliation from Russia, which could also create divisions within the EU and push Moscow closer to China.
Bloomberg suggests that the proposal is being discussed at the highest levels and may be approved at a summit in May.
Russian journalist Mikhail Rostovsky argues that the initiative may be “too radical” and warns Putin not to underestimate the West’s ability to build up sanctions pressure on Russia.
He describes the proposal as a “new trap” for Putin.
Meanwhile, there are reports that Putin has suffered a “nervous breakdown” after changing to stronger cancer medication.
Several Russian sources claim that Putin, who is 70 years old, has been put on stronger drugs for his supposed disease.
The General SVR Telegram channel, which claims to be run by a Kremlin insider, reports that Putin “probably had a nervous breakdown” on Tuesday (April 18).
These reports may further destabilize the political situation in Russia and add to the pressure on Putin.
Overall, the proposed ban on most exports to Russia, along with the reports of Putin’s illness, are likely to increase political tension and uncertainty in Russia.
While the proposal may put significant pressure on Putin, it also comes with a risk of retaliation and may create divisions within the EU.
The situation is complex and fluid, and it remains to be seen how events will unfold in the coming weeks and months.