The G7 plus Ukraine meeting took place in New York, where more than 30 countries and the EU adopted a Joint Declaration of Support for Ukraine's Recovery and Reconstruction. This is a commitment to recovery that provides for coordination of efforts through the Ukrainian platform, the President of Ukraine explained.
The event was attended by U.S. President Joe Biden, European Commission President Ursula von der Leyen, British Prime Minister Keir Starmer, Italian Prime Minister Giorgia Meloni, and Canadian Prime Minister Justin Trudeau. Biden stressed that the declaration was made public to show support for Ukrainians now and in the future, according to the Ukrainian president's website.
"I am determined to ensure that Ukraine has what it needs to win and fight for its survival. Tomorrow I will announce a series of actions to accelerate support for the Ukrainian military," he said.
The US President is convinced that Ukraine's allies will help them move from resilience to economic recovery.
The main points of the declaration include comprehensive support for Ukraine's reconstruction on its path to EU membership, coordination of support through the Ukrainian Donor Platform, and the provision of additional financial support worth about $50 billion by the year-end from proceeds of frozen Russian assets, some of which will be used for defence purposes.
The signatories also confirmed that Russia's sovereign assets in their jurisdictions will remain frozen until Russia stops its aggression and pays for the damage it has caused.
In exchange for the partners' commitments, Ukraine has undertaken to implement economic, judicial, anti-corruption, corporate governance, defence, public administration, public investment management and law enforcement reforms, which are considered vital to sustainably support the country's reconstruction.
The signatories stated that by collectively supporting Ukraine's reconstruction and recovery, they will ensure that Russia cannot achieve its goals and will do everything possible to ensure that Ukraine has an economy that is resilient to Russian threats after the war. The document is open for signature by other countries.