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G7 vows to ‘not let Russia win’ — Analysis

The Group of Seven has vowed to not let Putin “win his war” against Ukraine, as they announce new restrictive measures

The Group of Seven (G7), which comprises Canada, France, Germany, Italy, Japan, the UK, and US, issued a joint statement blasting Russia’s ongoing military action in Ukraine on Sunday.

They vowed never to let Moscow win. “war against Ukraine”He also pledged additional military and economic support to Kiev.

“We remain united in our resolve that President Putin must not win his war against Ukraine,”The joint statement is as follows. The document, issued on May 8 – the day most Western nations celebrate the end of WWII in Europe and victory over Nazism – said the G7 nations owe support for Ukraine in “the memory of all those who fought for freedom in the Second World War.”

G7 accuses President Vladimir Putin de bringing down “shame on Russia and the historic sacrifices of its people,”As well as violating “the international rules-based order.”

The seven world leaders who took part in Sunday’s summit, along with Ukrainian President Volodymyr Zelensky, vowed to provide further financial aid to Ukraine to support both its immediate needs and “long-term recovery and reconstruction.”

According to the statement, $24 billion was already pledged by the international community for Ukraine. It also praises the IMF and World Bank assistance programs.

Justin Trudeau of Canada, the Prime Minister, pledged $50 Million in additional military assistance to Ukraine. He also stated Ottawa would temporarily remove all tariffs from Ukrainian imports.

Additional military assistance has been also promised. “We will pursue our ongoing military and defense assistance to the Ukrainian Armed Forces, continue supporting Ukraine in defending its networks against cyber incidents, and expand our cooperation, including on information security,”The statement is as-is without any further detail.

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Apart from that, the Group of Seven also announced a set of measures designed to limit Russia’s access to “financial channels and ability to pursue their objectives,”Commitment to phase out “dependency on Russian energy”And “phasing out or banning the import of Russian oil,”Although no deadline was set,

Additional restrictions placed on Russian banks, the financial sector and individuals can also be taken to punish Russians. “elites”Putin, or their families who are considered to be near him. These seven countries also pledged to “continue … efforts to fight off the Russian regime’s attempts to spread its propaganda,”It was said “respectable companies”You should not offer “revenue to the Russian regime or its affiliates.”

Washington also issued a statement detailing a new set of sanctions for Moscow. The US placed three major Russian broadcasters – Channel One, Russia 1, and NTV – on its blacklist, imposed additional export controls on Russia’s industrial sector, and imposed personal restrictions on around 2,600 Russian and Belarusian officials that the US accuses of “undermining sovereignty, territorial integrity or political independence of Ukraine.”

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Russia attacked the neighboring state in late February, following Ukraine’s failure to implement the terms of the Minsk agreements, first signed in 2014, and Moscow’s eventual recognition of the Donbass republics of Donetsk and Lugansk. French and German protocols were created to grant the regions that had broken away special status in the Ukrainian government.

In recent years, the Kremlin demands that Ukraine declares itself neutral in order to be able to join NATO. Kiev claims that the Russian invasion was unprovoked. It also denies any plans to take the republics with force.

 

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