The Group of Seven (G7) leaders in a joint statement said on Sunday that they will impose further economic isolation on Russia for its invasion of Ukraine. After holding talks with Ukrainian President Volodymyr Zelensky via video conference, the leaders pledged to phase out dependency on Russian energy, including phasing out or banning the import of oil.
The leaders also said that they will continue to take action against Russian banks connected to global economy and systematically vital to Russian financial system.
The G7 leaders pledged to continue and elevate their campaign against financial elites and family members “who support Russian President Vladimir Putin in his war effort and squander the resources of the Russian people”.
