Russia and any other country supporting its military aggression will not be allowed to financially benefit from the large-scale reconstruction of Ukraine.
As reported by a Ukrinform correspondent, this is stated in the joint communiqué adopted following the G7 finance ministers’ summit, which concluded in Canada.
“We agree to work together with Ukraine to ensure that no countries or entities, or entities from those countries that financed or supplied the Russian war machine will be eligible to profit from Ukraine’s reconstruction,” the document states.
At the same time, the communiqué emphasizes that mobilizing the private sector will be crucial for Ukraine’s recovery and reconstruction. “We collectively commit to help build investor confidence through bilateral and multilateral initiatives,” the signatories affirm.
One such initiative will be the effort to lift as soon as possible the “blanket ban” on international companies providing insurance services in Ukraine.
“We will continue to coordinate support to promote the early recovery and reconstruction of Ukraine, including at the Ukraine Recovery Conference, which will take place in Rome on July 10-11, 2025,” the communiqué highlights.
As a reminder, according to World Bank estimates, post-war reconstruction of Ukraine will require at least $500 billion.
The G7 finance ministers’ summit, attended by Ukrainian Finance Minister Serhii Marchenko, concluded on Thursday in Canada.
Photo: x.com/G7
Source: G7 to Russia’s allies: no profiting from Ukraine’s rebuild
