Not sure Putin will really care about this either.
Check it out:

President Obama and other G-7 leaders on Monday effectively suspended Russia’s membership in the group by announcing a June G-7 summit in Brussels that will replace the G-8 meeting Russia was to host in Sochi.

The decision was made at an emergency meeting of the G-7 in The Hague.

The move is a rebuke to Moscow for Russia’s annexation last week of Crimea, which had been a part of Ukraine. Russian forces kicked the Ukraine military out of the peninsula over the weekend.

In a joint statement, the G-7 countries said that the group was originally formed “because of shared beliefs and shared responsibilities.”

“Russia’s actions in recent weeks are not consistent with them. Under these circumstances, we will not participate in the planned Sochi Summit,” the countries said.