G7 promises to cooperate on sanctions against Iran and help Ukraine with frozen russian assets
Kyiv • UNN
G7 financial leaders pledged to cooperate on sanctions against Iran and to use frozen russian assets to provide financial assistance to Ukraine to address its urgent needs in the wake of the russian invasion.
Representatives of the G7 promised to cooperate on sanctions against Iran and guarantee financial assistance to Ukraine, using frozen russian assets as a source of funds. This was reported by Reuters, according to UNN.
Details
The financial leaders of the Group of Seven (G7), the world's most developed economies, issued a joint statement condemning Iran's recent attack on Israel. The statement noted that the G7 will take all necessary measures to reduce Iran's ability to acquire, produce and distribute weapons to support destabilization in the region.
In addition, they announced their intention to assist Ukraine in addressing its urgent financial needs in the wake of the russian invasion, including the use of frozen russian assets.
We reaffirm our determination to ensure that russia pays for the harm it has caused to Ukraine. russia's sovereign assets in our jurisdictions will remain immobilized until such time as our legal systems
Although the statement did not outline a specific plan for russian assets, it did note that G7 financial leaders "will continue to work on all possible ways in which russia's immobilized sovereign assets can be used to support Ukraine.
