[The U.S. Proposes Broad Sanctions on Russian Energy by the G7] According to a report by Jinse Finance, a U.S. proposal reveals that the United States will urge its G7 allies to impose tariffs of up to 100% on purchases of Russian oil in an effort to persuade Russian President Vladimir Putin to end his military actions in Ukraine. The proposal also states that the U.S. will inform G7 countries that they should establish a legal pathway to confiscate frozen Russian sovereign assets and consider seizing or utilizing the principal of these assets to fund Ukraine's defense. Of the approximately $300 billion in frozen Russian assets, the vast majority are in Europe. Additionally, according to informed sources, senior U.S. officials have proposed to their European counterparts the idea of gradually confiscating Russia's frozen central bank assets to increase pressure on Moscow and force it to negotiate. (Jin10)