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G7 Affirms Support for Ukraine, Freezes Russian Assets, Russian Asset Exchange
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G7 Affirms Support for Ukraine, Freezing Russian Assets, Increases Sanctions, Putin's Asset Exchange Decree
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The G7 countries, following a meeting in Tokyo, reaffirmed their commitment to support Ukraine and increase sanctions against Russia. They stated that Russia will not get back its frozen assets until it pays for the damage caused to Ukraine. In response, Putin signed a decree allowing the exchange of blocked foreign assets in Russia for frozen Russian assets in the West. However, Russia's finance ministry clarified that the state would not organize the asset exchanges, leaving it to financial market players.