G7 mobilizes $19.8 billion for Ukraine, says it will provide more support if needed

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Finance ministers and central bank governors from the Group of Seven (G7) said on Friday that they had mobilized $19.8 billion for Ukraine and pledged to provide more financial support if needed.

The financial leaders of the United States, Canada, Japan, Germany, France, Italy and the United Kingdom — the G7 — met in Germany to fund Kiev, which is fighting the Russian invasion and is running out of cash.

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“In 2022, we mobilized US$19.8 billion in budget support, including US$9.5 billion in recent commitments, to help Ukraine close its funding gap and continue ensuring the provision of basic services to the Ukrainian people,” he said. the G7 in a statement.

“Furthermore, we welcome the ongoing work at the G7 and international financial institutions for further substantial funding for Ukraine, including the European Commission’s proposal for up to €9 billion of additional macro-financial assistance.”

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“Additional planned support to Ukrainian state-owned enterprises and the private sector through the European Bank for Reconstruction and Development and the International Finance Corporation totals US$3.4 billion,” the statement added.

“We will continue to support Ukraine during this war and beyond and we are prepared to do more as needed,” the G7 said.

Source: CNN Brasil

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