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Ukraine war

G7 to phase out Russian oil, U.S. sanctions Gazprombank executives

'We commit to phase out our dependency on Russian energy', says the statement

A general view of the video screen of G7 leaders during a video-conference on Ukraine at the Elysee Palace, in Paris, France, May 8.   © Reuters

WILMINGTON, Del. (Reuters) -- Group of Seven (G7) nations committed on Sunday to ban or phase out imports of Russian oil and the United States unveiled sanctions against Gazprombank executives and other businesses to punish Moscow for its war against Ukraine.

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