Thank you for the question.
You are correct in highlighting that the President of the United States has gone out publicly with a very significant change.
We certainly will continue to work very closely with the U.S. in terms of trying to arrive at a peaceful solution in Ukraine. We have been working with them very closely on that, although we have seen the response from Russia, even following President Putin's meeting with President Trump in Alaska, has been escalation upon escalation. Clearly, the Russians are not seemingly ready to engage in a meaningful conversation.
There is certainly a conversation amongst allies—the G7—on how we can increase pressure on Russia. We recognize that sanctions have been in place in coordination with other partners. They are having an impact on the Russian economy. Russia is starting to show some strains. Inflation is high. It's difficult for it to purchase...and it has to rely on other partners for a number of items.
We recognize that oil and gas continue to be an important source of revenue for the Russian economy. That is why we are looking at other options, under our G7 presidency, to reduce Russia's oil revenues. In the long term, we know that the sanctions are causing a persistent diversion of resources for Russia. It is damaging its growth potential.