G7 countries developing new sanctions against Russia

This is stated in the press service of the European Commission, Censor.NET reports.

"We reaffirm our unwavering determination to impose and enforce sanctions and other economic measures to further undermine Russia's ability to wage an illegal and unjustified war of aggression," the press release said.

In addition, Western politicians also pledged to make efforts to help meet Ukraine's financing needs for 2024. They also confirmed that Russian sovereign assets in their jurisdictions will remain frozen until Russia compensates Ukraine.

Read also: Media: Russian assets will remain frozen until Ukraine's damages are compensated