G7 nations said on Friday they will take steps to deny Russia a so-called "most favoured nation" status, which would revoke benefits of Russia's membership of the World Trade Organization (WTO).
"We welcome the ongoing preparation of a statement by a broad coalition of WTO members, including the G7, announcing their revocation of Russia's Most Favoured Nation status", the G7 countries said in a joint statement released by the White House.
