G7 leaders: We will "tighten" Russia's income and continue to support Ukraine

The leaders of the G7 countries pledged to continue military, financial and humanitarian aid to Ukraine, according to the final statement from the summit of the seven most developed countries in Italy, which was published today.

- We confirm our continued support for Ukraine, as long as necessary. Together with international partners, we are committed to continuing to provide military, financial, humanitarian and post-war reconstruction support to Ukraine, according to a statement published on the website of the Italian G7 presidency.

The G7 welcomed the holding of a peace conference on Ukraine in Switzerland on June 15-16 and pledged to work to ensure maximum international support for the so-called "peace formula" of Ukrainian President Volodymyr Zelensky. The G7 nations expressed concern over China's support for Russia in the latest statement and urged Beijing to pressure Moscow to end a special military operation in Ukraine.

The G7 leaders urged China to support a comprehensive, just and lasting peace in Ukraine based on respect for territorial integrity and the principles of the United Nations Charter, including direct dialogue with Ukraine. G7 leaders have argued that China's continued support for Russia's defense industrial base allows Russia to continue its special military operation and called on China to stop transferring dual-use materials, including weapons components and equipment.

The G7 also threatened Iran with sanctions over its military aid to Russia and warned Tehran against transferring ballistic missiles and related technologies to Moscow, saying it would lead to a significant escalation and a direct threat to European security.

The G7 countries vow to continue to "exert significant pressure" on Russia's revenues from energy resources and other commodities, which will include improving the effectiveness of oil price control policies. The leaders of the G7 countries called on Russia to pay 486 billion dollars for the damage it caused to Ukraine during the special military operation, and the damage was assessed by the World Bank.

The G7 countries have declared that the use of nuclear weapons in the conflict in Ukraine is unacceptable.

- Any use of nuclear weapons by Russia in the context of aggression against Ukraine would be unacceptable, the document states.

The G7 countries also condemned the deployment of Russian nuclear weapons in Belarus and stressed that they remain committed to preventing the proliferation and use of weapons of mass destruction. The G7 countries emphasized the need for the Comprehensive Nuclear Test Ban Treaty to enter into force. The document also calls for Russia to adhere to the moratorium on nuclear tests.

- We emphasize that any use of chemical, biological or nuclear weapons by Russia will have serious consequences, the document states.

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