G7 to Allocate $19.8 Bln Financial Support to Ukraine
The countries of the G7 will provide financial assistance to Ukraine in the amount of $19.8 billion, according to a communique issued on Friday following the meeting of finance ministers and heads of the G7 Central Banks, which took place in the German city of Koenigswinter near Bonn, TASS reports.
"In 2022, we have mobilized $19.8 billion of budget support, including $9.5 billion of recent commitments <...> to help Ukraine close its financing gap and continue ensuring the delivery of basic services to the Ukrainian people," the statement says.
The document underscores that the Finance Ministers of G7 countries "welcome ongoing work across the G7 and international financial institutions on further substantial financing to Ukraine, notably including the proposal by the European Commission for up to 9 billion euros of additional macro-financial assistance."
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