In a virtual meeting yesterday, the Group of Seven nations gave an undertaking to phase out imports of Russian oil. It’s the latest move aimed at punishing Vladimir Putin for his invasion of Ukraine, with the US also unveiling sanctions against executives at Gazprombank and a number of other businesses. According to a Reuters report, the Ukrainian President, Volodymyr Zelenskiy, joined the video conference call, after which G7 leaders issued a joint statement. “We commit to phase out our dependency on Russian energy, including by phasing out or banning the import of Russian oil. We will ensure that we do […]
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