G7 countries pledge to phase out imports of Russian oil

Tags: Russia-Ukraine International News

The Group of Seven (G7) countries have pledged to ban or phase out Russian oil imports over the Ukraine dispute.

• The announcement came as the G7 held its third meeting this year via video conference, which was also attended by Ukraine's President Volodymyr Zelensky.

• The meeting was called to discuss support for Ukraine, and additional measures against Moscow, including on energy.

• G7 leaders have personally criticised President Vladimir Putin for his actions in Ukraine.  

• The leaders celebrated the end of World War II in Europe following the surrender of German forces to the Allied Powers on 9 May 1945.

• Russia has been accused of violating international rules-based order, in particular the United Nations Charter.

• All participants were called upon to join the G7's support for the Ukrainian people and refugees and help rebuild Ukraine. 

• About G7

• The G7 or the Group of Seven is a group of the seven most advanced economies.

• The seven countries are Canada, the USA, UK, France, Germany, Japan and Italy.

• It was formed in 1975.

• G7 countries meet annually to discuss issues of common interest like global economic governance, international security and energy policy.

• All the G7 countries and India are a part of G20.

• The G7 does not have a fixed headquarters.

• The UK currently chairs the G7 and has invited India along with Australia, the Republic of Korea and South Africa as guest countries for the G7 summit.