(Finance) – The G7 is “undertaking measures against third-country actors who materially support Russia’s war in Ukraine“. The leaders of the seven countries say this in a joint statement after the virtual meeting with Volodymyr Zelensky on the occasion of the first anniversary of the war in Ukraine. “We call on third countries or other international actors who seek to circumvent or weaken our cease to provide material support to the war of Russia or of face serious costs“, reads the document.
The group reaffirms “unwavering support for Ukraine for as long as it takesand pledges to “step up our diplomatic, financial and military support for Ukraine, to raise costs for Russia and those who support its war effort, and to continue to counter the negative impacts of the war on the rest of the world” .
Russia is being asked to stop its ongoing aggression and “immediately, completely and unconditionally withdraw its troops from the entire internationally recognized territory of Ukraine”.
Furthermore, the G7 remains committed “to coordinating efforts to meet the pressing needs of military and defense equipment of Ukraine, with an immediate focus on air defense systems and capabilities, as well as the necessary munitions and tanks”.
Among the new measures under study, it is desired “prevent Russia from finding new ways to acquire advanced military and industrial materials, technology and equipment from our jurisdictions, which it can use to develop its industrial sectors and promote its violations of international law”.
Furthermore, given the significant revenues Russia extracts from diamond exports, leaders say they will collectively work “on further measures on Russian diamonds“.