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Ukraine: $ 19.8 billion aid package from the G7

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The finance ministers and central bankers of the Group of 7 (G7) countries announced today that have mobilized $ 19.8 billion for Ukraine and pledged to provide more assistance if needed.

These high-ranking officials from the US, Canada, Japan, Germany, France, Italy and Britain, the G7 countries, had talks in Germany. to finance Kiev while the country tries to repel the Russian invasion and its financial resources are exhausted.

«In 2022, we have mobilized $ 19.8 billion in fiscal support, including $ 9.5 billion in recent commitments… to help Ukraine close its funding gap and continue to provide basic services to the Ukrainian people“, G7 officials said in their joint statement.

«In addition, we welcome the ongoing work across the G7 and the international financial institutions on further substantial funding to Ukraine, which mainly includes the European Commission’s proposal for additional macro-financial assistance of up to EUR 9 billion.“, The announcement stated.

«Additional planned support to Ukrainian state-owned companies and the private sector through the European Bank for Reconstruction and Development and the International Finance Corporation (IFC) amounts to $ 3.4 billion“, According to the announcement.

«We will continue to stand by Ukraine throughout this war and beyond, and we are ready to do more properly.“, According to the G7 announcement.

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