The entire G7 club of rich nations is “committed to phasing out or banning the import of Russian oil,” the White House said Sunday, escalating pressure on President Vladimir Putin over the invasion of Ukraine. “This will hit hard at the main artery of Putin’s economy and deny him the revenue he needs to fund his war,” the Biden administration said in a statement, without specifying exactly what commitments the G7 members – France, Germany, Canada, Italy, Japan, Britain and the US – have made. The West has so far shown coordination in its announcements of sanctions against Russia, but has not m…