G7 countries decide to allocate nearly $20 billion to Ukraine

The German Finance Minister, commenting on the decision, noted that this is a very good signal that the G7 countries stand shoulder to shoulder with Ukraine.

The G7 countries allocated a substantial amount of money to Ukraine / photo REUTERS
The G7 countries allocated a substantial amount of money to Ukraine / photo REUTERS

The countries of the Big Seven (G7) agreed to provide Ukraine with short-term financial assistance in the amount of $19.8 billion.

This is stated in the final communiqué of the finance ministers of the United States, Canada, Japan, Germany, France, Italy and the UK, reports Bloomberg . It is noted that the money will go to help Ukraine meet its urgent financial needs.

“… We have mobilized $19.8 billion in budget support… to help Ukraine close its funding gap and continue to provide basic services to the Ukrainian people,” the text reads.

“We must guarantee Ukraine’s ability to defend itself, which is why we are here raising funds to ensure the liquidity of the Ukrainian government,” German Finance Minister Christian Lindner commented on the decision.

(C)UNIAN 2022

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