Leaders from Britain, Canada, France, Germany, Italy, Japan and the US say they are going to proceed to assist Ukraine for ‘so long as it takes’.
The leaders of the Group of Seven (G7), composed of the world’s wealthiest democracies, have promised to “stand with Ukraine for so long as it takes” amid the ongoing invasion by Russia.
The leaders, who met for a second day of a summit in a German citadel within the Bavarian Alps on Monday, stated in a joint assertion they are going to proceed to “present monetary, humanitarian, navy and diplomatic assist” to Ukraine.
Additionally they pledged to proceed “sustaining and intensifying worldwide financial and political stress” on the federal government of Russian President Vladimir Putin “and its enablers in Belarus”.
The leaders from Britain, Canada, France, Germany, Italy, Japan and the US launched the assertion after listening to from Russian President Volodymyr Zelenskyy by way of video hyperlink.
The Ukrainian president “gave a really clear response that now shouldn't be the time for negotiations” with Russia, the French presidency stated following the assembly.
As @G7 we stand united on Ukraine's facet and can proceed our assist. For this, all of us must take powerful however needed choices. Thanks, @ZelenskyyUa, to your participation at the moment. We are going to proceed to extend stress on Putin. This struggle has to come back to an finish. #G7GERpic.twitter.com/avuvN5auPB
— Bundeskanzler Olaf Scholz (@Bundeskanzler) June 27, 2022
Within the joint G7 assertion, the leaders pledged to “discover new methods to isolate Russia from taking part within the international market” and crack down on evasions. That got here shortly after US President Joe Biden stated on Sunday the G7 deliberate to ban the import of Russian gold.
The US and different Western nations have imposed unprecedented sanctions on Russia since its February 24 invasion of Ukraine
The members on the assembly additionally pledged to “additional cut back dependency on Russian vitality”, with a senior US official telling reporters earlier within the day that the G7 nations have been working to “develop mechanisms to set a worldwide worth cap for Russian oil in shipments to nations outdoors of the US, EU, the UK, and the broader G7”.
For his half, Zelenskyy, writing on his Telegram channel after addressing the G7 heads, stated sanctions “have to be additional strengthened, by limiting the costs of oil exported by the aggressor”.
Among the many different punitive pledges, the G7 stated their governments would discover methods to make use of elevated tariffs on Russian items to “help Ukraine the place relevant”; broaden focused sanctions to additional limit “Russia’s armament industrial base and expertise sector”; and sanction “these chargeable for struggle crimes, exercising illegitimate authority in Ukraine, and chargeable for “stealing and exporting Ukrainian grain”.
The guarantees got here after Bloomberg Information reported on Monday that Russia had defaulted on its international foreign money sovereign debt for the primary time in additional than a century when the grace interval on some $100m of curiosity funds due Sunday had expired.
The Kremlin stated the “claims about default” have been “completely fallacious”, including that it couldn't make funds due to the Western sanctions imposed in opposition to it.
The G7 additionally used the communique to name on Russia to permit grain shipments to depart Ukraine to keep away from exacerbating a international meals disaster.
The assertion stated Moscow should “stop, with out situation, its assaults on agricultural and transport infrastructure and allow free passage of agricultural transport from Ukrainian ports within the Black Sea.”
The group additionally voiced “severe concern” over Putin’s plan to ship missiles able to carrying nuclear warheads to Belarus.
“We urge Russia to behave responsibly and train restraint, and reiterate that any use of such weapons can be unacceptable and met with extreme penalties,” the leaders stated.
The G7 gathering is ready to be adopted by a NATO leaders-level summit within the capital of Spain, Madrid, later within the week.
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