The G7 countries confirmed their "full, shared, and convinced support for Ukraine." The group remains "united in condemnation" of Russia's war against Ukraine and calls on Moscow to end it. Finance ministers and central bank governors meeting in Washington discussed the frozen Russian assets behind closed doors.
"We will ensure maximum coordination on any future measures that reduce Iran's ability to acquire, produce, or transfer weapons," says the G7 statement. The G7 pledges to strengthen efforts to help Kiev with its "2024 financing needs." The World Bank estimates Ukraine's long-term recovery and reconstruction needs at approximately $486 billion over ten years. The Italian presidency is grappling with a "very delicate task," says the Minister of Economy Giancarlo Giorgetti, who invited the Ukrainian finance minister Sergii Marcenko to the financial G7 meeting which will be held in Stresa from 23 to 25 May. The meeting took place within the framework of the meetings of the International Monetary Fund.