G7 demands from Russia to compensate Ukraine for losses in the amount of more than $486 billion

The leaders of the “Big Seven” countries at the summit in Italy unanimously declared that Russia is obliged to compensate Ukraine for the damages caused by the illegal aggressive war, the amount of which, according to the World Bank, exceeds $486 billion.

About this it is stated in the declaration according to the results of the summit, reports the Italian agency ANSA.

Key points:

• The G7 emphasizes Russia’s legal obligation to compensate Ukraine for damages in accordance with international law.
• The G7 leaders declared their intention to consider all possible legal mechanisms to ensure Russia fulfills its obligations.
• The G7 countries plan to continue limiting Russia’s profits from trade in raw materials and energy carriers.
•  The G7 has confirmed its readiness to provide military, financial and humanitarian assistance to Ukraine as much as needed.

Context:

• The main topic of the summit was Russia’s war against Ukraine.
• The G7 agreed on a plan to provide Ukraine with a $50 billion loan using profits from frozen Russian assets.
• The leaders of Argentina, Brazil, Turkey, the United Arab Emirates and Ukraine joined the summit.