G7 to phase out Russian oil, U.S. sanctions Gazprombank execs over Ukraine war

FILE PHOTO: U.S. President Joe Biden delivers remarks on economic growth, jobs, and deficit reduction in the Roosevelt Room at the White House in Washington, U.S., May 4, 2022. REUTERS/Evelyn Hockstein

WILMINGTON, Del. (Reuters) -Group of Seven (G7) nations committed on Sunday to ban or phase out imports of Russian oil and the United States unveiled sanctions against Gazprombank executives and other businesses to punish Moscow for its war against Ukraine.

The move represents the latest attempt by the West to put pressure on Russian President Vladimir Putin for his country's invasion of Ukraine and the deadly aftermath that ensued.