G7 leaders said in a joint statement following a video conference call that the group commits to phase out their dependency on Russian energy, including by phasing out or banning the import of Russian oil, noting that they will do so in a timely and orderly fashion.

Meanwhile the United States unveiled sanctions against three Russian television stations, banned Americans from providing accounting and consulting services to Russians, and imposed some 2,600 visa restrictions on Russian and Belarusian officials.

The measures leveled against Gazprombank executives were the first involving the giant Russian gas exporter as the United States and its allies have avoided taking steps that might lead to disruptions of gas to Europe, Russia's main customer.   The sanctioned Gazprombank executives include Alexy Miller and Andrey Akimov, according to a statement from the US Treasury Department.