The G7 group, which includes Canada, France, Germany, Italy, Japan, the UK and the US, has released a joint statement on Russia’s ongoing military action in Ukraine. Seven nations vowed never to let Moscow win the war in Ukraine and pledged further economic and military support to Kiev.
“We remain united with our determination that President Putin must not win the war against Ukraine,” the joint statement read. The document issued on May 8 said the G7 nations owe their support to Ukraine in “memory of all those who fought for freedom during the Second World War.”
The G7 accused President Vladimir Putin of violating the “international rules-based order”. The seven world leaders who participated in Sunday’s summit, along with Ukrainian President Volodymyr Zelensky, have vowed to provide more financial aid to Ukraine to support both immediate needs and ” long-term recovery and reconstruction”.
The statement said that $24 billion had been provided and committed by the international community to Ukraine, and praised support programs launched by the World Bank and the International Monetary Fund.
Canadian Prime Minister Justin Trudeau has pledged an additional $50 million in military assistance to Ukraine and said Ottawa will temporarily lift all trade tariffs on Ukrainian imports.
“We will pursue our continued military and defense support to the Armed Forces of Ukraine, continue to assist Ukraine in protecting its networks against cyber incidents, and expand its cooperation. us, including on information security,” the statement read without providing further details.
In addition, the G7 also announced a series of measures designed to limit Russia’s access to “financial channels and its ability to pursue its goals”, pledging to phase out “dependence on energy”. Russian Oil” and “removing or banning the import of Russian Oil,” although no specific deadline has been set.
Other measures include further restrictions on Russia’s banks and financial sector, and individual sanctions on Russian “elite” and their considered family members are close to Putin or his supporters.
The US issued a statement of its own outlining a new round of sanctions against Moscow. The US has blacklisted three major Russian broadcasters – Channel One, Russia 1 and NTV -, imposing additional export controls on Russia’s industrial sector and imposing fish restrictions about 2,600 Russian and Belarusian officials, who the US accuses of “undermining Ukraine’s sovereignty, territorial integrity or political independence”.
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