Statement by G7 Foreign Ministers on Energy Security

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The text of the following statement was issued by the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, United Kingdom and United States of America, and by the High Representative of the European Union.

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We, the Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America, as well as the High Representative of the European Union , stand firm in our condemnation of the brutal, unprovoked, unjustifiable and unlawful war of aggression against Ukraine. We condemn and will not recognize Russia’s continued attempts to redraw borders by force. This constitutes a flagrant violation of international law, in particular a serious violation of the Charter of the United Nations, and seriously undermines the rules-based international system. We reiterate our call on Russia to end this war of choice, to immediately and unconditionally cease all hostilities and to withdraw its troops and military equipment from all Ukrainian territory within its internationally recognized borders. .

We further condemn Russian attempts to militarize its energy exports and use energy as a tool of geopolitical coercion. Russia is therefore not a reliable energy supplier. We will act in solidarity and in close coordination to mitigate the impact of supply disruptions on economies and citizens around the world and in our countries, in particular to protect vulnerable groups. We ensure that Russia does not exploit its position as an energy producer to profit from its aggression to the detriment of vulnerable countries. We will build on our recent actions to secure energy supplies, stabilize markets and mitigate increases in energy prices driven by Russia’s actions and extraordinary market conditions. This includes our efforts to reduce our demand for Russian energy and our support for the voluntary collective actions of the International Energy Agency. We remain committed to energy and resource diversification and promote competitive, reliable and affordable energy markets that are transparent and meet high environmental, social and governance standards. We reiterate our support for an ambitious and accelerated global energy transition to net zero by 2050, consistent with a 1.5°C warming limit and the implementation of the Glasgow Climate Pact. This is essential to achieve our shared climate, security and economic recovery goals. The sooner we achieve this transition, the safer our societies will be.

We continue to explore other measures to prevent Russia from profiting from its war of aggression and to limit Russia’s ability to wage war. As we phase out Russian energy from our domestic markets, we will seek to develop solutions that reduce Russian revenues from hydrocarbons, support the stability of global energy markets, and minimize negative economic impacts, particularly on low- and middle-income countries. We remain committed to considering a range of approaches, including options for a complete ban on all services that enable the shipping of Russian crude oil and petroleum products around the world, unless the oil is purchased from a price or at a lower price to be agreed in consultation with international partners. . In considering this and other options, we will also consider mitigation mechanisms alongside our restrictive measures to ensure that the most vulnerable and affected countries retain access to energy markets, including from Russia. .

We will further reduce our reliance on civilian nuclear and related products from Russia, and we will help countries seeking to diversify their supplies. In all of these actions, we will support each other and coordinate our actions to preserve G7 unity and strengthen our collective energy security and resilience. We welcome partners’ efforts to replenish gas reserves and increase energy security and resilience, in the context of Russia’s increased energy militarization. At the same time, we will continue our efforts with our partners around the world to make energy savings and energy efficiency a global priority.

We remain steadfast in our solidarity with Ukraine and reaffirm our unwavering commitment to support the government and people of Ukraine in their courageous defense of Ukraine’s sovereignty and territorial integrity and in their fight for a peaceful, prosperous future. and democratic.

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