OREANDA-NEWS Russia's assets in the jurisdictions of the G7 countries will remain frozen until Russia "pays for the damage caused to Ukraine." This is stated in the G7 declaration on the general principles of long-term security guarantees for Ukraine.

The Big Seven emphasizes that, in accordance with our legal systems, Russia's sovereign assets in our jurisdictions will remain frozen until Russia pays for the damage caused to Ukraine, ANSA news agency quotes excerpts from the document. "We recognize the need to create an international mechanism for compensation for damages and express our readiness to explore options for developing appropriate tools."