The Greater Seven countries (G7) have released a joint statement confirming their adamant support for Ukraine in the war against Russian aggression and expressed their readiness to further increase pressure on the Russian Federation. The document was published on behalf of the Ministers of Finance and Heads of Central Banks G7 on the website of the Ministry of Finance of Canada - a country that presides the association this year.
The statement states that Russia and states that support its military aggression will not have any financial benefits from the future reconstruction of Ukraine. The G7 countries also emphasized that Russia will not access its frozen assets until it stopped aggression and compensates for the damage caused to Ukraine.
The representatives of the Great Seven confirmed the dedication to support the territorial integrity of Ukraine, its freedom, sovereignty and the right to exist. They congratulated the ceasefire regime, but noted that in the absence of it, all possible options for increasing pressure, including new sanctions, would be considered.
The G7 also emphasized the importance of the participation of the private sector in the process of Ukraine's restoration. For this purpose it is planned to abolish restrictions on the provision of insurance services in Ukraine by international companies. The participating countries also pledged to prevent companies or organizations that directly or indirectly support the Russian military machine, made a profit from reconstruction projects.
These decisions have become a prologue to the G7 leaders summit, which will take place in June in Cananaskis, Alberta (Canada). It will be the first summit for the newly elected Canadian Prime Minister Mark Carney and returned to power by US President Donald Trump. President of Ukraine Volodymyr Zelensky will also be expected in the summit.
