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G7 leaders mulling to impose further sanctions against Russia

G7 leaders mulling to impose further sanctions against Russia

- Group leaders condemns Russia, Japan promise to provide further $5.5 billion financial assistance for rebuilding of destroyed infrastructure in Ukraine
 

By The South Asia Times

 

TOKYO - The G7 group of the world's major economic powers mulling to impose further sanctions against Russia to undermine its capacity to wage its war in Ukraine, the group said in a statement.

The leaders of G7 joined their online summit on Friday on eve of first anniversary of Russia-Ukraine war and reaffirmed their "unwavering support" for Kyiv.

"We condemn Russia's illegal, unjustifiable, and unprovoked war [and] we commit to intensifying our diplomatic, financial and military support for Ukraine" and to "increasing the costs to Russia," Kyodo News citing the joint statement of G7 issued following the meeting.

Ukrainian President Volodymyr Zelenskyy also joined the group leaders video summit.

"Russia started this war and Russia can end this war. We call on Russia to stop its ongoing aggression and to immediately, completely and unconditionally withdraw its troops from the entire internationally recognized territory of Ukraine," said the G7.

The leaders vows to imposed further coordinated economic sanctions against Moscow and regretted over Russia decision to suspend the implementation" of the pact with the United States.

"Any use of chemical, biological, radiological or nuclear weapons by Russia would be met with severe consequences," the group leaders warned.

Zelenskyy thanked the world's major economic powers leaders for their support since beginning of war between Ukraine and Russia and said "You and I can make this year, 2023, to be the year of the end of Russian aggression, the year of the return to peace, the year of the liberation of our land and our people from Russian captivity," according to the agency.

Japan Prime Minister Fumio Kishida also announced that his country will provide $5.5 billion in additional financial assistance for the rebuilding of infrastructure in Ukraine that destroyed during the ongoing war.

Kishida also agreed to work with Cambodia and help Ukraine to remove landmines and unexploded bombs, however he refrained to offer any military aid to Ukraine, according to report.

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