The current tension with Russia means that the G8 does not exist at the moment the German Chancellor said.
Angela Merkel said that her government had not yet decided if scheduled German-Russian consultations will take place in April.
She also confirmed that EU leaders will agree further sanctions against Russia at a summit beginning today.
An unusually frank Nato Secretary General issued an unequivocal warning on the course of events should Russia attack Latvia or Estonia.
The West responds with sanctions and closer political ties with Ukraine as Russia's President seals the annexing of Crimea to much fanfare.
Supporters of the controversial fracking industry believe shale gas could be America's most potent weapon in the stand-off with Russia.