MARKETS

G7 nations to phase out Russian oil imports

THE G7 nations on Sunday committed to phasing out its dependency on Russian oil imports, issuing a scathing rebuke accusing President Vladimir Putin of bringing “shame” on Russia due to his invasion of Ukraine in February.

Tim Daiss
Putin's Ukraine brings shame on Russia: G7

Putin's Ukraine brings shame on Russia: G7

The G7 (France, Canada, Germany, Italy, Japan, the UK and the US) didn't specify exactly what commitments each country will make to move away from Russian energy dependence. However, it will add even more...

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