G7 finance ministers plan to allocate €15B in aid to Ukraine.
Wednesday, May 18, 2022

G7 finance ministers plan to allocate €15B in aid to Ukraine.

The finance ministers of the G7 want to agree on a €15B financial aid package for Ukraine at a meeting in Bonn this week, reported Reuters. The package will provide three months of short-term financing, mainly in grants that do not need to be repaid. Moreover, the United States has already offered to provide half of the sum, which is $7.5B in grants, noting that G7 ministers want to agree on a joint communiqué at their meeting. Earlier this week, G7 countries discussed a package of financial aid to Ukraine to support the budget in the amount of almost €30B. According to the Finance Minister of Ukraine, Ukraine needs an additional $5B monthly to cover the budget deficit due to a state revenue shortage.

Previous post
The Ministry of Finance has placed UAH 7.45B in military bonds.

The Ministry of Finance has placed UAH 7.45B in military bonds.

Next post
Germany is exploring options to confiscate the Central Bank of Russia's assets for the reconstruction of Ukraine.

Germany is exploring options to confiscate the Central Bank of Russia's assets for the reconstruction of Ukraine.

Previous Main Topics