G7 Joint Statement on Support for Ukraine: "Will Consider Additional Sanctions Against Russia" (Comprehensive)

Promise of Financial and Military Support to Ukraine
Third Countries Must Stop Supplying Invasion Materials to Russia

At the G7 summit held in Hiroshima, Japan, on the 19th, the leaders of the seven major countries reaffirmed their unity in supporting Ukraine through a joint statement and declared their intention to increase sanctions against Russia.

[Image source=EPA Yonhap News]

In the joint statement released that day, the G7 leaders emphasized, "We reaffirm our unity against Russia's aggressive war in Ukraine," and "We strongly condemn Russia's clear violation of the UN Charter and the impact of the war on the world in the strongest terms." The G7 leaders stated that they will take new measures to firmly thwart Russia's illegal aggression and support the people of Ukraine.

They reaffirmed their commitment to provide the financial, humanitarian, military, and diplomatic support Ukraine needs and demanded that Russia immediately stop its invasion of Ukraine and unconditionally withdraw all troops and military equipment. The G7 leaders also highlighted the danger of Russia's nuclear threats, recalling the joint declaration of the G20 held in Bali, Indonesia last year, stating that the use of nuclear weapons by Russia is absolutely unacceptable.

The G7 leaders said, "We will expand actions to restrict exports of technologies used by Russia to rebuild its military apparatus and all items critical to Russia's aggression," adding, "Business services operating in key sectors such as manufacturing, construction, and transportation will be targeted." With China and Iran in mind, they stressed, "Third countries must stop materially supporting Russia's aggression," and "We will strengthen cooperation to block third countries supplying weapons to Russia."

They also plan to limit Russia's use of the international financial system. They added, "We are prepared to take measures against those who support Russia's war financing."

The G7 evaluated that they have reduced dependence on Russian energy through measures such as the price cap on Russian crude oil and petroleum products, and stated that they will continue these policies to prevent Russia from weaponizing energy. They also plan to closely cooperate to restrict the trade and use of Russian diamonds, whose annual trade volume is known to be between 4 to 5 billion USD (approximately 5.3 to 6.5 trillion KRW).

In the joint statement, the G7 emphasized, "We pledge that, in Hiroshima, the symbol of peace, G7 member countries will mobilize all policy tools to make every effort to bring about a comprehensive and lasting peace in Ukraine as soon as possible."

This content was produced with the assistance of AI translation services.