The G7 will involve the private sector in reconstructing Ukraine and will not release Russian assets until compensation is paid.
The Russian Federation must stop its aggression against Ukraine and bear legal responsibility for all its illegal international actions, including compensation for the damages caused to Ukraine, according to a statement from the ministers of foreign affairs of the G7 countries.
“We confirm that under our respective legal systems, Russia’s sovereign assets in our jurisdictions will remain immovable until Russia pays for the damage it has caused to Ukraine,” the document states.
The heads of foreign affairs declare that they are committed to supporting Ukraine’s long-term recovery. “We are also working to involve our private sector in the sustainable economic recovery of Ukraine,” the statement reads.
The G7 countries confirmed their commitment to supporting Ukraine’s struggle for independence, sovereignty, and territorial integrity “will never waver” and pledged to support Ukraine as long as necessary.