G7 postponed issue of transferring Russian assets to Ukraine till June

The G7 foreign ministers approved a declaration following their meeting in Capri, Italy. The issue of transferring Russian assets to Ukraine has been postponed until June at the request of the G7 leaders.

This is reported with reference to the statement.

The foreign ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, as well as the EU's foreign policy chief, strongly condemned Russia's aggressive war against Ukraine.

"We reaffirm our unwavering determination to support democratic Ukraine as it defends its freedom, sovereignty, independence, and territorial integrity, within its internationally recognized borders," the statement reads.

The ministers expressed their determination to strengthen Ukraine's air defense capabilities to save lives and protect critical infrastructure. "We will also work with partners towards this end. In this context we appreciate the Immediate Action for Air Defense Initiative (IAAD) proposed by Germany," the document says.

The ministers said that Russia must pay for the damage and destruction it is causing and condemned Russia's recent attacks on Ukraine's energy infrastructure.

"We will continue to explore all possible avenues to aid Ukraine in obtaining compensation from Russia, consistent with our respective legal systems and international law. As requested by Leaders, we will continue our work and advise ahead of the Apulia Summit on all possible avenues and feasible options by which immobilized Russian sovereign assets could be made use of to support Ukraine, consistent with our respective legal systems and international law," the statement said.

It should be noted that the 50th Group of Seven summit will be held from June 13 to 15, 2024 in Brindisi, Puglia, Italy.

Author – Anastasiya Glotova, 19/04/2024