The G7 nations vowed on Saturday to “increase the cost of war” in Ukraine for Moscow at the end of a videoconference summit held from Kyiv to reaffirm the West’s full support for Ukraine on the anniversary of two years since Russia launched the war.

Volodymyr ZelenskyiPhoto: Pool / Presidency of Ukraine / Zuma Press / Profimedia

“We will continue to increase Russia’s war spending, cut (Russia’s) sources of revenue and impede efforts to build its military machine, as shown by the sanctions packages we recently adopted,” the G7 leaders said in a joint statement.In general, the G7 pledged to “act against third parties that materially support Russia’s war, including by introducing new measures against organizations (…) in third countries.”

The most important information about the war in Ukraine – 731 days

Summary for the last 24 hours:

  • Volodymyr Zelenskyi welcomed Western leaders in Kyiv several years after the beginning of the Russian invasion of Ukraine. He declared that Vladimir Putin “must lose absolutely everything” and promised victory to the Ukrainians. The prime ministers of Italy, Canada and Belgium, as well as the head of the European Commission, Ursula von der Leyen, arrived in Kyiv on Saturday to express solidarity with Ukraine.
  • German Foreign Minister Annalena Berbock said that Germany is still discussing the issue of supplying long-range weapons to Ukraine. “Of course, whatever we provide (in terms of military support) is too little,” she told a news conference.
  • In March, the European Commission will transfer to Ukraine the first tranche of 4.5 billion euros of macro-financial assistance for a total amount of 50 billion euros, which will be offered to Kyiv from the EU budget until 2027, the president announced on Saturday in Kyiv. executive director of the Ursula von der Leyen community.
  • The body of Russian opposition leader Oleksiy Navalny was handed over to his mother, confirmed the press secretary of the Russian dissident, who died in prison ten days ago. According to him, the details of the funeral have not yet been established. According to him, it is “unclear” whether the authorities will intervene.
  • On Saturday, Ukraine announced a drone attack on one of Russia’s largest steel plants. The Security Service of Ukraine (SBU) said that the plant produces weapons for Russian troops stationed in Ukraine. “The drone strike on the Novolypetsk metallurgical plant was carried out jointly by two Ukrainian special services: the SBU and the State Security Service,” the SBU reported.