G7 leaders plan to continue providing Ukraine with all kinds of assistance ‘as long as it takes’
The Group of Seven (G7) will pledge support to Ukraine in all possible forms “as long as it takes” according to a draft statement from the summit, seen by Bloomberg.
The three-day meeting of G7 leaders kicked off Sunday in Bavaria, Germany, with the Ukraine conflict high on the agenda.
“We will continue to provide financial, humanitarian, military and diplomatic support and to support Ukraine for as long as necessary,” he added. reads the draft leaders’ statement.
Russia has warned the US, EU and its allies against supplying arms to Ukraine, saying it will only prolong the conflict. However, Western leaders ignored these warnings. On Sunday, British Prime Minister Boris Johnson and French President Emmanuel Macron agreed to continue militarily supporting kyiv to “strengthen their hand both in the war and in all future negotiations.”
G7 leaders appear to have agreed to keep economic pressure on Russia as it continues its offensive in Ukraine. The British government had announced earlier that during the summit, the United States, United Kingdom, Canada and Japan would ban the import of Russian gold. US Secretary of State Antony Blinken later claimed the embargo would deprive Moscow of around $19 billion in annual revenue.
According to Reuters, the G7 is also keen “very constructive” speaks of a potential cap on the price of Russian oil imports.
German Chancellor Olaf Scholz admitted on Sunday that the Western world now faces many challenges: falling growth rates, rising inflation, shortages of raw materials and disruption of supply chains. However, he said he was convinced that the G7 “will succeed in sending a very clear signal of unity and decisive action from this summit.
His remarks were echoed by US President Joe Biden, who claimed that if Russian President Vladimir Putin had hoped “that one way or another NATO and the G7 would separate”, they haven’t and won’t.
Putin, meanwhile, spoke about the G7 on Friday, saying the current economic turmoil around the world has little to do with the conflict in Ukraine and is the result of “many years of irresponsible macroeconomic policies” respected by the G7 countries.