Germany’s Scholz tells Russia that G-7 remains committed to Ukraine
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Ukrainian President Volodymyr Zelensky speaking to the press next to German Chancellor Olaf Scholz at the Ukraine Recovery Conference in Germany, on June 11.
PHOTO: REUTERS
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BORGO EGNAZIA, Italy - Plans by the Group of Seven (G-7) to provide additional financial support for Ukraine show that wealthy industrial nations remain committed to the country more than two years after Russia’s invasion, German Chancellor Olaf Scholz said on June 13.
Speaking to reporters at the G-7 annual summit, Mr Scholz said that Russian President Vladimir Putin had been misguided to expect international support for Ukraine to wane over time.
“This is a very clear commitment that should embolden the Ukrainians to do what they need to defend their independence and sovereignty,” Mr Scholz said.
“And it is also a clear signal to the Russian President that he can’t just sit this out and hope that fiscal problems in a country that backs Ukraine will one day let him win this war.”
The G-7 plan for Ukraine is based on a multi-year loan using profits from some US$300 billion (S$405 billion) of impounded Russian funds.
“This is a very historic step we’re taking today,” the German leader said. REUTERS
