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G7: Declaration of support for Ukraine through the prohibition of Russian oil imports by G7 member countries.

Start Date: 08/05/2022
End Date: N/A

Description

Canada, France, Germany, Italy, Japan, the United Kingdom, France, Germany, Italy and the United States declared to phase out and ban the import of Russian oil, with the aim of attacking the main artery of Putin's economy and making it more difficult to finance the war. The G7 pledged to work together to ensure a stable global energy supply, while accelerating efforts to reduce dependence on fossil fuels.

Iniciative Type

Declaration

Action scope

Multicountry

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