G7 Summit: Trump says US could reimpose oil sanctions on Russia

Speaking at the G7 summit in France, where efforts to end the conflict in Ukraine are high on the agenda, US President Donald Trump said Washington could soon reimpose sanctions on Russia's oil shipments.

Speaking at the G7 Summit in France, US President Donald Trump said Washington plans to resume sanctions on Russian oil shipments once the agreement with Iran takes effect.

Asked if he would reinstitute sanctions that were eased to help lower oil prices, Trump said the restrictions can resume as more oil moves through the Strait of Hormuz.

Reporter: "Are you considering an increase on sanctions on Russia and whether to do that?"

US President DONALD TRUMP: "Well, soon we'll be able to do that because the oil is now flowing. So we took sanctions off because, obviously, we're not looking to impede the oil. So we're in a position to do that soon."

In March, the US Treasury issued a 30-day waiver allowing countries to purchase Russian crude oil and petroleum products that were already loaded on vessels and stranded at sea.

The waiver was later extended as the conflict involving Iran and disruptions around the Strait of Hormuz continued to pressure oil markets.

Meanwhile, Ukrainian President Volodymyr Zelenskyy and UK Prime Minister Keir Starmer had a long talk while strolling around an Evian park on the sidelines of the G7 summit.

After the walk, the two leaders were joined by their respective teams for an extended sit-down meeting.

Earlier, Zelenskyy joined the G7 leaders for talks on the war in his country.

Zelenskyy said Ukraine is serious about peace while Russia toys with world leaders. "The entire 'Seven' supports Ukraine unanimously today," he said.

Zelenskyy added that G7 leaders supported Ukraine's need for more Patriot missiles and discussed how to increase production by licensing production.

Patriot missiles are able to counter Russian ballistic missile attacks on Ukraine's power grid and cities.

As the US under Trump has cut back aid to Ukraine, France and its European allies are now the biggest providers of military and financial support to Kyiv.

The G7 leaders also commented on Taiwan. They said they reaffirm their opposition to what they call unilateral attempts to change the status quo, in particular by forcec or coercion across the Taiwan Strait.