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The exclusive club, dubbed the “Group of Seven,” wealthy democracies is set to hold its annual summit this weekend at a posh hotel at Carbis Bay, St. Ives, in Cornwall.
The G-7— a group of the most industrialised and democratic countries, comprising the United States, the United Kingdom, Canada, Germany, Japan and the European Union (EU)
This would help the Western countries to continue to import Russian oil while paying the Russians the minimum price. However, European Union (EU) is preparing to impose stricter range of sanctions, including ban on Russian oil imports, in December.
