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We, the leaders of the Group of Seven (G7), met on 12 December to reflect on the progress of our cooperation under Germany’s presidency to jointly address global challenges at a time of grave geopolitical crisis and a critical moment for the world economy. We were also joined by President of Ukraine Volodymyr Zelensky. In the face of Russia’s illegal, unjustified and unprovoked war of aggression against Ukraine this year, we are more united than ever with Ukraine and with our shared values, an unwavering commitment to the rules-based multilateral system and international cooperation.
Today, we reaffirm our unwavering support and solidarity for Ukraine, as long as Russia’s war of aggression lasts. We condemn Russia’s continued inhumane and brutal attacks targeting critical infrastructure, particularly energy and water facilities, and cities in Ukraine, and recall that indiscriminate attacks and attacks on the civilian population or civilian objects constitute war crimes. We also condemn those who are helping Putin’s illegal war. We are committed to helping Ukraine repair, restore and protect its critical energy and water infrastructure. We will help Ukraine meet its winter preparedness needs, continue to support Ukraine’s civil resilience and advance our efforts in this regard during the international conference to be held in Paris on 13 December. We are determined that Russia will eventually be required to pay for the restoration of critical infrastructure damaged or destroyed by its brutal war. There can be no impunity for war crimes and other atrocities. We will hold President Putin and those responsible accountable in accordance with international law. We reiterate that Russia’s irresponsible nuclear rhetoric is unacceptable and any use of chemical, biological or nuclear weapons will be met with serious consequences.
Building on our commitments to date, we will continue to seek international support to meet Ukraine’s urgent short-term financing needs. We ask our finance ministers to convene soon to discuss a joint approach to integrated budget support in 2023. We affirm that the International Monetary Fund (IMF) should be central to this effort.
We firmly support Ukraine’s efforts to secure immediate financial stability and its recovery and reconstruction towards a sustainable, prosperous and democratic future in line with its European path. We will build on the results of the International Expert Conference on Recovery, Reconstruction and Modernization of Ukraine in Berlin on 25 October, as well as the Ukraine Recovery Conference on 21-22 June 2023 in London. In particular, with a view to supporting Ukraine’s repair, recovery and reconstruction, we will establish a multi-agency donor coordination platform, in close coordination with Ukraine and our international partners and with relevant international organizations and international financial institutions. Through this platform, we will coordinate existing mechanisms to provide ongoing short- and long-term support – with specific accountability through finance tracks for short-term support – coordinate more international funding and expertise, and encourage Ukraine’s reform agenda as well as the private sector. Lead growth. We will also establish a secretariat for the platform. We will each designate a senior government representative to oversee the platform’s set-up and ongoing coordination efforts and ask them to convene as soon as possible in January 2023.
With a view to a practical post-war peace settlement, we stand ready to continue security and other commitments with Ukraine and interested countries and organizations to help Ukraine defend itself, secure its free and democratic future, and deter future Russian aggression. Pursuant to its rights enshrined in the UN Charter.
We will continue to coordinate efforts to meet Ukraine’s urgent needs for military and defense equipment, with an immediate focus on providing Ukraine with air defense systems and capabilities.
We also reiterate our strong condemnation of Russia’s continued seizure and militarization of Ukraine’s Zaporizhzhya nuclear power plant, reported abduction and abuse of Ukrainian personnel, and deliberate destabilization of its operations. We support the efforts of the International Atomic Energy Agency (IAEA) to establish safety and security zones.
Russia’s war of aggression must end. To date, we have not seen evidence that Russia is committed to sustainable peace efforts. Russia can immediately end this war by ceasing its attacks against Ukraine and completely and unconditionally withdrawing its forces from Ukrainian territory. We welcome and support President Zelensky’s initiative for a just peace.
We are committed to our unprecedented coordinated sanctions measures in response to Russia’s war of aggression. We will maintain and intensify economic pressure on Russia and those who evade and undermine our sanctions. We will continue to protect vulnerable countries that are severely affected by the consequences of Russia’s war of aggression and its weaponization of energy and food.
We reaffirm our intention to phase out crude oil and petroleum products of Russian origin from our domestic markets. During the week of 5 December 2022, offshore Russian crude oil price caps went into effect in our respective jurisdictions, which provide for our commitment to limit Russia from profiting from its war of aggression against Ukraine, support stability in global energy markets, and support stability in global energy markets. . Minimize the negative economic spillovers of Russia’s war of aggression, especially on low- and middle-income countries. We encourage third countries that wish to import crude oil and petroleum products of marine origin of Russian origin to take advantage of the price cap. We reiterate our decision that the price cap on petroleum products of Russian origin will come into effect from 5 February 2023.
Russia’s war in Ukraine exacerbates the current fragility in the global economy, which is having a direct impact on the cost of living of people in our own countries and on the world’s most vulnerable people. We will continue to use all available policy tools to maintain global financial, macroeconomic and price stability and long-term fiscal sustainability, while providing targeted assistance to those most in need and working collaboratively to strengthen our collective economic security against external shocks and broader risks. will do We will make public investment and infrastructure reforms to promote long-term growth. We will further coordinate to respond to the urgent needs of the most vulnerable countries and encourage private investment in developing and emerging markets as key enablers of sustainable economic pathways.
We will continue our ambition to address global food insecurity, including through the Global Alliance for Food Security. We will continue to support the delivery of grains and fertilizers to countries in need and welcome the recent work led by the World Food Program (WFP) on this front. We welcome the expansion of the Black Sea Grain Initiative (BSGI), along with further efforts to bring Ukrainian food to the world, such as the European Union’s Solidarity Lens and the “Grains from Ukraine” initiative.
Reaffirming our firm commitment to implement the Paris Agreement and the outcomes of COP26 and COP27, we commit to urgent, ambitious and inclusive climate action to limit global warming to 1.5°C above pre-industrial levels this decade. We reaffirm our commitment to reach net-zero emissions after 2050. To that end, and based on our statement adopted in June in Elmau, we support the terms of reference of the Climate Club established by the Climate Club Task Force and we hereby an open and inclusive international climate club. By specifically focusing on the decarbonisation of industries, we will contribute to unlocking green growth. We invite international partners to join the Climate Club and participate in further expansion of its concept and framework. In doing so, we will continue to work closely with relevant international organizations and stakeholders. We call on the Organization for Economic Co-operation and Development (OECD) to organize an interim secretariat working together with the International Energy Agency (IEA) and other international organizations.
Recalling our commitment to halt and reverse biodiversity loss by 2030, we will work intensively towards a successful outcome at CBD COP15, in particular the adoption of an ambitious and effective global biodiversity framework with clear and measurable targets and their swift and rapid implementation. In this context we commit to pooling resources from all sources to support the implementation of an ambitious global framework and to significantly increase our national and international funding for nature by 2025. We encourage countries outside the G7 to join us in this effort.
We welcome progress on the Just Energy Transition Partnerships (JETP), accelerating our contribution to the Partnership for Global Infrastructure and Investment (PGII), to better offer our global partners sustainable, inclusive, climate-resilient and quality infrastructure investment. South Africa and Indonesia look forward to multilateral cooperation, just as flagship projects for energy transition and sustainable investment, and to quickly conclude negotiations on the JETP with Vietnam, as well as further progress with India and Senegal. We will intensify our cooperation in the PGII Working Group to meet our joint ambition to mobilize up to $600 billion by 2027, and on the JETP, we will coordinate through the JETP Working Group.
Reaffirming our full commitment to realizing gender equality and continuing to mainstream gender equality in all policy areas, we welcome the key recommendations of the Gender Equality Advisory Council (GEAC) and look forward to receiving the GEAC’s full report by the end of the year. We thank this year’s GEAC for its important work, reiterate our intention to call GEAC a permanent feature of all G7 Presidencies, and look forward to strengthening it further.
This year, we have made progress to improve the global health architecture with WHO at its core, our ability to prevent, prepare for and respond to future global health crises and achieve global health coverage, particularly supported by the G7 Agreement on Pandemic Preparedness. has been given. In Elmau. We welcome the successful seventh recovery of the Global Fund for AIDS, Tuberculosis and Malaria (Global Fund). We will step up our efforts to train and qualify health workers and strengthen surveillance capacity to detect outbreaks and strains as early as possible through an integrated health approach. We will continue to support science to develop safe and effective vaccines, therapeutics and diagnostics.
Under the German Presidency, we, the G7, together with other international partners, have demonstrated our resolve to jointly address both the major systemic challenges and urgent crises of our time. Our commitments and actions pave the way for progress towards a just world. As we look towards the 2023 G7 Summit in Hiroshima under the Japanese Presidency, and in our support to the Indian G20 Presidency, we remain strong, united and fully committed to rebuilding a peaceful, prosperous and sustainable future for all.
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