The United States could soon reimpose sanctions on Russia's oil shipment, U.S. President Donald Trump said on Tuesday at the Group of Seven (G7) summit in France, where efforts to end the conflict in Ukraine are high on the agenda.
Speaking to reporters in Evian, a town on the shores of Lake Geneva in eastern France, Trump said the restrictions on Russia's oil shipment can return after the openness of the Strait of Hormuz allows more oil transit. "We're in a position to do that soon," he was quoted as saying, citing a peace deal reached with Iran over the weekend.
In March, the U.S. 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.
Trump says U.S. to reimpose sanctions on Russian oil
Trump says U.S. to reimpose sanctions on Russian oil
China sees improving investment structure in the first five months of this year, with infrastructure deployment being accelerated and investment in emerging industries maintaining relatively rapid growth, National Bureau of Statistics spokesman Fu Linghui said at a press conference Tuesday in Beijing.
Driven by China's construction of a comprehensive, multi‑dimensional transportation system, investment in transport, storage and postal services rose 7.1 percent year on year in the January–May period.
Within that category, investment in water transport and air transport increased 23.3 percent and 21.7 percent, respectively.
In terms of digital infrastructure investment, the construction of computing-power networks and next-generation communications facilities progressed in an orderly manner, with investment in the information transmission sector up 30.4 percent year on year.
From January to May, investment in intellectual property products increased 9.3 percent year on year, contributing 1.1 percentage points to overall investment growth.
Rapid advances in artificial intelligence and new energy also drove strong investment growth in related industries. Investment in integrated-circuit manufacturing, lithium-ion battery manufacturing, and information services all registered relatively fast increases.
"Looking ahead, investment headroom in China remains broad. Advancing new urbanization, rural revitalization, the development of new quality productive forces, and the upgrading of public services all require continued investment support, laying a solid foundation for high-quality development," said the spokesman.
China sees improving investment structure in 1st 5 months
