5/24/2025 — G7 leaders pledge to freeze Russian assets until war ends, support Ukraine’s recovery

Flags representing the participants of the Group of Seven (G7) leaders summit at the Borgo Egnazia resort in Savelletri, Italy, on June 13, 2024. (Francesca Volpi/Bloomberg via Getty Images)

From: The Kyiv Independent by Lucy Pakhnyuk

The Group of Seven (G7) issued a joint statement on May 22, pledging to keep Russian assets frozen until the end of the war and to support Ukraine’s recovery.

Canada, which holds the G7 presidency in 2025, released the statement on behalf of the group. 

“We reaffirm that… Russia’s sovereign assets… will remain immobilized until Russia ends its aggression and pays for the damage it has caused to Ukraine,” the statement read.

The group condemned “Russia’s continued brutal war against Ukraine” and commended “the immense resilience from the Ukrainian people and economy.”

Continue reading

Leave a comment