“Standing in solidarity to support Ukraine’s fight for freedom and its reconstruction for as long as it takes,” the document reads.
“In the presence of [Ukrainian] President Zelenskyy, we decided to make available approximately $50 billion leveraging the extraordinary revenues of the immobilized Russian sovereign assets, sending an unmistakable signal to [Russian] President Putin.”
Furthermore, the leaders reaffirmed their intention to tighten sanctions against Russia’s military-industrial complex.
They also supported an immediate ceasefire in Gaza, the release of all hostages, and a reliable path to peace leading to a two-state solution and called for increased humanitarian aid.
Additionally, they decided to deepen cooperation to leverage and manage the risks of artificial intelligence.
Western allies of Ukraine have been discussing for several months how to utilize the revenue from about $280 billion of frozen assets of the Russian central bank, most of which are held in Europe. Bloomberg reported that the revenue from these assets is estimated to be between $3.4 billion to $5.6 billion annually.
Read also: G7 communique will demand Russia pays reparations — report
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Read the original article on The New Voice of Ukraine
Section: Nation
Author: Eric Malinowski
