Joe Biden and world leaders: Commitments for Ukraine's future
President of the USA, Joe Biden, and leaders of 30 other countries signed a joint declaration by the G7 and the EU on Wednesday regarding the reconstruction of Ukraine. Among other commitments, they confirmed their promise to freeze Russian assets until Russia pays reparations.
"Today, we show Ukrainians you're not alone, you're not alone in this fight, not alone in the reconstruction that comes after," said President Joe Biden during the ceremony in New York. He also announced that in addition to providing long-term financial support for Ukraine, on Thursday, during President Zelensky's visit to the White House, he will announce a series of measures supporting the long-term Ukrainian military.
President Zelensky emphasized that the leaders were committed to supporting Ukraine’s EU accession and noted that Ukraine needs to implement the previously announced CAD 67 billion loan, financed from the profits of frozen assets in the West. He stated that the signed document lays the foundation for the architecture of post-war country reconstruction and lasting peace.
During Wednesday's event, leaders of the G7 and the EU signed a joint declaration on providing continued economic support for Ukraine, ensuring that Russia pays for the damage caused to Ukraine and that by the end of the year, the G7 summit decision regarding the provision of a CAD 67 billion loan to Ukraine based on future profits from frozen Russian assets will be implemented.
"Through our collective support for Ukrainian reconstruction and recovery, we will ensure that Russia fails in its objectives to subjugate Ukraine – and that Ukraine emerges from Russia’s war of aggression with a modernised, vibrant, inclusive society and innovative economy, resilient to Russian threats," wrote the leaders.
