G7 countries increased commitments to support Ukraine to $44 billion
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The volume of obligations for budgetary and economic support to Ukraine from the Group of Seven (G7) and their partners for the period from 2023 to the beginning of 2024 will amount to $44 billion, follows from the joint statement of the statement of the Ministers of Finance and the heads of the Central Bank of the G7.
“Together with the international community, we have increased our commitments for the budget and economic support of Ukraine for 2023 and early 2024 to $44 billion, which allowed us to approve the International Monetary Fund (IMF) program for Ukraine in the amount of $15.6 billion for a four-year period. This support gives Ukraine confidence and allows its authorities to keep the government running, continue to provide basic services, repair damaged infrastructure and stabilize the economy. statementadopted by the heads of the finance ministries of the countries following the meeting in the Japanese city of Niigata.
Since the beginning of the Russian special operation in Ukraine, Washington has provided Kyiv with $35.7 billion in military aid, the Pentagon press service reported earlier in May. At the end of April EU singled out a new tranche of macro-financial assistance to Kyiv for 1.5 billion euros, and in November last year, the European Parliament approved a package of financial assistance to the country in the amount of up to 18 billion euros for 2023.
In April, after the G7 meeting in Japan Deal keep Russian assets frozen until the conflict in Ukraine is over.
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