G7 countries pledge to phase out Russian oil imports

The G7 club of wealthy nations committed Sunday to phasing out its dependency on Russian oil, Report informs, citing foreign media.

The statement from the Group of Seven -- France, Canada, Germany, Italy, Japan, Britain and the United States -- did not specify exactly what commitments each country will make to move away from Russian energy.

“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 so in a timely and orderly fashion, and in ways that provide time for the world to secure alternative supplies,” the joint statement said.