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Despite sanctions imposed by the European Union, Switzerland’s exports to Russia have dropped only marginally, while pharmaceutical exports continued to soar, a study has said.
Canadian envoy was summoned by the Sri Lankan government to protest against his country’s decision to impose "unilateral sanctions" on its four citizens, including two former presidents— Gotabaya Rajapaksa and Mahinda Rajapaksa. The other two citizens who were sanctioned include Staff Sergeant Sunil Ratnayake and Lt Commander Chandana P Hettiarachchithe. Sri Lanka’s foreign ministry expressed displeasure over the move to Canada's Acting High Commissioner in Colombo.
This weakened, the Group of 7 (G7) countries, the world’s wealthiest, will converge in Germany’s Bavarian Alps to discuss pressing matters like the Russian invasion of Ukraine, sanctions on Russian oil, economic and environmental crises will likely top the agenda. On Sunday, German Chancellor Olaf Scholz will host this year's G7 summit of leaders from France, the United Kingdom, Italy, Japan, Canada, and the United States, at a five-star hotel in Elmau.
If a recent study is to be believed, Europe is giving $285m (£217m) in oil payments every day to Putin to fund his war against Ukraine. New analysis by the Transport & Environment (T&E) thinktank estimates that Russia received $104bn from its crude, petrol and diesel exports to Europe and UK last year, more than twice the $43bn it took from gas shipments.