G7 will not unfreeze Russian assets until Russia compensates Ukraine
The G7 countries plan to involve their private sector in Ukraine's recovery and promise not to unfreeze Russian assets until Russia pays for the damage caused to Ukraine
This is said in a statement by the G7 foreign ministers.
"Russia must cease its aggression and must bear the legal consequences of all its internationally wrongful acts, including compensation for the damage caused to Ukraine. We are united in our determination to ensure full accountability. We reaffirm that, consistent with our respective legal systems, Russia’s sovereign assets in our jurisdictions will remain immobilized until Russia pays for the damage it has caused to Ukraine," the statement said.
The G7 countries also pledge to bring those responsible to justice in accordance with international law, including through the International Criminal Court.
In addition, the ministers said they are "working to engage the private sector in Ukraine's sustainable economic recovery" and pledged to develop security arrangements in close coordination with Ukraine.
The ministers also once again raised the issue of sanctions against Russia.
"We will reinforce our coordination on sanctions to restrict Russia’s access to critical goods and technology. We will take further action to prevent the evasion and circumvention of our measures against Russia. We reiterate our call for third parties to immediately cease providing material support to Russia’s aggression, or face severe costs" the statement said.
German Foreign Minister Annalena Baerbock said that Ukraine is and remains at the top of the G7 agenda.