G7 statement: as long as Russia is at war, its assets will remain frozen
23 May 01:54
The G7 (Group of Seven) countries have issued a joint statement reaffirming their support for Ukraine; condemning the war launched by Russia against Ukraine; and emphasizing that frozen Russian assets will remain immobile until Russia stops its aggression and pays for the damage it has caused to Ukraine. This is stated in the G7 statement on the website of the Ministry of Finance of Canada. Canada holds the presidency of the Group of Seven in 2025, "Komersant Ukrainian" reports
The statement was published on behalf of the finance ministers and central bank governors of the G7 countries.
The statement reads that the G7 countries support Ukraine in defending its territorial integrity and right to exist, as well as its freedom, sovereignty and independence on the path to a just and lasting peace.
“We welcome the ongoing efforts to achieve a ceasefire. If such a ceasefire is not agreed upon, we will continue to explore all options, including options to exert maximum pressure, such as further strengthening of sanctions,” the statement said.
In the statement, the G7 countries also pledge to help build investor confidence through bilateral and multilateral initiatives to finance Ukraine’s post-war reconstruction. To this end, in addition to ongoing support through the MIGA SURE (Support for the Reconstruction and Economy of Ukraine) trust fund, the G7 will work, in particular through the Donor Platform for Ukraine, with the Government of Ukraine, international financial institutions (IFIs) and the insurance industry to lift the full ban imposed on Ukraine as soon as possible.
“Furthermore, we agree to work with Ukraine to ensure that no countries or organizations, or organizations from those countries, that have financed or supplied the Russian war machine are allowed to profit from the reconstruction of Ukraine,” the statement reads.
