The following is the text of the joint statement issued by President Bush and Soviet President Mikhail Gorbachev at the conclusion of their meeting in Helsinki:

With regard to Iraq's invasion and continued military occupation of Kuwait, President Bush and President Gorbachev issue the following joint statement:

We are united in the belief that Iraq's aggression must not be tolerated. No peaceful international order is possible if larger states can devour their smaller neighbors.

We reaffirm the joint statement of our foreign ministers of Aug. 3, 1990, and our support for United Nations Security Council Resolutions 660, 661, 662, 664 and 665.

Today, we once again call upon the government of Iraq to withdraw unconditionally from Kuwait, to allow the restoration of Kuwait's legitimate government, and to free all hostages now held in Iraq and Kuwait.

Nothing short of the complete implementation of the United Nations Security Council resolutions is acceptable.

Nothing short of a return to the pre-Aug. 2 status of Kuwait can end Iraq's isolation.

We call upon the entire world community to adhere to the sanctions mandated by the United Nations, and we pledge to work, individually and in concert, to ensure full compliance with the sanctions. At the same time, the United States and the Soviet Union recognize that U.N. Security Council Resolution 661 permits, in humanitarian circumstances, the importation into Iraq and Kuwait of food. The Sanctions Committee will make recommendations to the Security Council on what would constitute humanitarian circumstances. The United States and the Soviet Union further agree that any such imports must be strictly monitored by the appropriate international agencies to ensure that food reaches only those for whom it is intended, with special priority being given to meeting the needs of children.

Our preference is to resolve the crisis peacefully, and we will be united against Iraq's aggression as long as the crisis exists. However, we are determined to see this aggression end, and if the current steps fail to end it, we are prepared to consider additional ones consistent with the U.N. Charter. We must demonstrate beyond any doubt that aggression cannot and will not pay.

As soon as the objectives mandated by the U.N. Security Council resolutions mentioned above have been achieved, and we have demonstrated that aggression does not pay, the presidents direct their foreign ministers to work with countries in the region and outside it to develop regional security structures and measures to promote peace and stability. It is essential to work actively to resolve all remaining conflicts in the Middle East and Persian Gulf. Both sides will continue to consult each other and initiate measures to pursue these broader objectives at the proper time.