G-7 commits to Russian oil import ban or phaseout amid Ukraine war

Politics Economy

Leaders of the Group of Seven industrialized nations on Sunday committed to ban or phase out the import of Russian oil, in the latest step to pressure Moscow into ending its war in Ukraine. Japan, a resource-poor country that has been importing Russian crude to diversify its supply sources, had been reluctant to prohibit Russian oil imports. But Japanese Prime Minister Fumio Kishida told the virtual meeting of G-7 leaders that his country will take measures to ban such imports "in principle." The commitment by the entire G-7 will "hit hard at the main artery" of the Russian economy and deny Pr...

Kyodo News

Kyodo News