Image Source: Investopedia
In the wake of Monday’s significant Russian missile strikes, leaders of the G7 group of wealthy nations have declared that they will support Ukraine for “as long as it takes.”
The alliance declared it would continue providing military and humanitarian aid after convening for urgent virtual meetings.
NATO likewise pledged to support Ukraine for as long as required.
Russian missiles struck areas across Ukraine, including central Kyiv, resulting in at least 19 fatalities and several injuries.
As strikes continued into Tuesday, citizens were instructed to remain in air raid shelters.
Russian President Vladimir Putin claimed that the bombings were in response to a Ukrainian-led attack on a crucial bridge connecting Russia to the Crimea annex.
Western leaders swiftly denounced the Russian move, and the G7 reaffirmed its support for Ukraine on Tuesday.
The Group of Seven states stated that they would continue to offer Ukraine financial, humanitarian, military, political, and legal help while remaining steadfastly committed to it for however long it takes.
The bloc also denounced Mr. Putin’s recent attempts to use so-called referendums to acquire four areas of Ukraine.
Volodymyr Zelensky, the president of Ukraine, requested more air defense capabilities from the G7.
Additionally, he requested assistance from the alliance for a global mission at the Ukraine-Belarus border.
Alexander Lukashenko, the president of Belarus and a strong supporter of Vladimir Putin, has agreed to send troops to the Ukrainian border with Russian troops, claiming that Kyiv has threatened them.
On Tuesday, US President Joe Biden stated that he thought President Putin was a “rational actor” who underestimated his capacity to invade Ukraine.
According to Nato Secretary General Jens Stoltenberg, the military alliance would also continue to support Ukraine.
Mr. Stoltenberg said in a press conference that Nato needed to produce more weapons since the war had depleted the supply. He claimed that NATO is in talks with its members as well as defense firms.
In response to Mr. Putin’s implied threats, Mr. Stoltenberg stated that the alliance was closely watching Russia’s nuclear capabilities but had not noticed any modifications to their posture.
He continued by saying that any attack on NATO infrastructure would be met with a cohesive and strong response. It happens two weeks after a string of assaults on the Nord Stream gas pipelines, which many Western officials implied might have been brought on by Russia.
The G7 said in a statement that it was “deeply concerned” by the attacks and welcomed more research into their origins.
The seven largest “advanced” economies make up the G7. It consists of the UK, the US, Canada, France, Italy, Japan, and Germany. Due to the fact that its economy is not as developed as those of other countries, China is not included. Russia was a member of the group before it annexed Crimea in 2014, but it is no longer.
G7 leaders undecided about capping Russian oil
The G7 leaders reportedly decided against restricting the price of Russian oil in the upcoming weeks, which would have cut off Russia’s main source of income for financing its fight in Ukraine.
The leaders of the major western nations have already declared a cap, most recently on September 2 at a gathering of the G7 finance ministers. The regulation is anticipated to go into force on December 5.
However, the most recent G7 declaration only briefly mentioned the need to continue collaborating to ensure energy security and affordability for the G7 and beyond. Ukraine’s president, Volodymyr Zelensky, has requested that the meeting impose a stringent price constraint that calls for zero loss for the terrorist state.