TOKYO, December 6. /TASS/. The G7 will help Ukraine in its attempts to collect damages from Russia, according to the G7 leaders’ statement.

"In light of the urgency of disrupting Russia’s attempts to destroy the Ukrainian economy and failure to abide by its international law obligations, we will explore all possible avenues to aid Ukraine in obtaining compensation from Russia, consistent with our respective legal systems and international law," the statement said.

The G7 emphasized that Russia needs to end hostilities in Ukraine and pay for the damage it has allegedly caused. The statement claimed that according to the World Bank, the damage exceeds $400 billion dollars.

Additionally, the G7 leaders pointed out that progress was needed to direct revenues from Russia’s sovereign assets to support Ukraine.

"We reaffirm that consistent with our respective legal systems, Russia’s sovereign assets in our jurisdictions will remain immobilized until Russia pays for the damage it caused to Ukraine," the statement said.