Leaders decide to increase sanctions against Moscow

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Leaders at the G7 summit in Japan have decided to increase economic sanctions against Moscow in a statement condemning Russia's attempted invasion of Ukraine.

Leaders decide to increase sanctions against Moscow

A joint statement on Ukraine was issued by the G7 leaders on the first day of the 3-day G7 Leaders Summit, which started today in Hiroshima under the presidency of Japan

The statement, signed after a roundtable meeting with the participation of US President Joe Biden, British Prime Minister Rishi Sunak, Canadian Prime Minister Justin Trudeau, Italian Prime Minister Giorgia Meloni, French President Emmanuel Macron, German Prime Minister Olaf Scholz, European Union (EU) Council President Charles Michel and EU Commission President Ursula von der Leyen, condemned Russia's invasion attempt against Ukraine "in the strongest terms". 

Russia's 15-month-long aggression has cost thousands of lives, caused great suffering to the Ukrainian people and jeopardized access to food and energy for many of its vulnerable people, the declaration said.

"We will not tire in our commitment to mitigate the impact of Russia’s illegal actions on the rest of the world," the leaders said, pledging their continued support for Ukraine. 

"Today we are taking new steps to ensure that Russia’s illegal aggression against the sovereign state of Ukraine fails and to support the Ukrainian people in their quest for a just peace rooted in respect for international law," the joint statement said, adding that further sanctions against Russia and its supporters had been agreed. 

CALL ON RUSSIA TO WITHDRAW FROM UKRAINE

The leaders pledged to step up efforts to prevent Russia from using energy as a weapon against the world, including the G7 countries. They also called on Moscow to "immediately, completely and unconditionally" withdraw its troops and military ammunition from the internationally recognized territory of Ukraine. 

While describing Russia's approach to the use of nuclear weapons and its intention to deploy nuclear weapons in Belarus as "dangerous and unacceptable", the statement emphasized that the G7 countries are committed to continuing security support to Ukraine and agreed to tailor this support to Ukraine's needs. 

SANCTIONS WILL CONTINUE

It was noted that coordinated sanctions will be maintained to prevent Russia from continuing its illegal aggression.

In this context, it was stated that new measures will be implemented, including export restrictions on technological devices, including industrial machinery, and trade restrictions on key sectors such as manufacturing, construction and transportation. 

Emphasizing that steps to reduce Russia's energy revenues will continue, the statement said, "We will continue to pursue concrete efforts to achieve a comprehensive, just and lasting peace in Ukraine."

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