"We commit to phase out our dependency on Russian energy, including by phasing out or banning the import of Russian oil," said a written statement by the leaders of the Group of Seven countries after an online meeting, which was also joined by Ukraine’s President Volodymyr Zelenskyy.
The actions of the Russian president in Ukraine bring shame on both Russia and the historic sacrifices of its people, according to the leaders' statement.
Aiming for Russia’s isolation across all sectors of its economy, the G7 countries said they will also take measures to "prohibit or otherwise prevent the provision of key services on which Russia depends."
They reiterated their commitment to continue actions against Russian banks connected to the global economy and systemically critical to the Russian financial system.
