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US pushes to remove references to sanctions and Russia’s war in Ukraine from a Canadian draft statement
Archived version: https://archive.is/20250308213940/https://www.theguardian.com/us-news/2025/mar/08/america-vetoes-g7-proposal-to-combat-russias-shadow-fleet-of-oil-tankers
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
I mean, the parts of Ukraine russia hold just so happen to be where massive oil reserves were found/being prepped to drill conveniently before the war broke out, a LOT of those being offshore reserves.
So yeah, if russia manages to keep this somehow through negotiations or just by strongman-ing the land, they have a lot to gain financially by both controlling these reserves and by not having ukraine mine for them and sell them which would bring russia competition.