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The G7 countries, following a meeting in Tokyo, issued a joint statement condemning Russia's war in Ukraine and reaffirming their support for Ukraine. They stated that Russia will not get back its frozen assets until it agrees to certain conditions. The G7 foreign ministers also expressed their intention to increase sanctions against Russia. Meanwhile, Russia signed a decree allowing part of its blocked foreign assets to be exchanged for frozen assets in the West, but the Russian state later announced that it would not take part in organizing such exchanges. The G7 promised to keep Russian assets frozen until Russia pays for the damage caused to Ukraine by the war.
