The G7 countries will allocate up to €30B to Ukraine.

Monday, May 16, 2022
The G7 countries will allocate up to €30B to Ukraine.

At a meeting of the G7 finance ministers, they expressed a willingness to initiate budget support for Ukraine worth almost €30B, reported Spiegel.de. According to the participants in the talks, Ukraine itself voiced this financial need by the end of the year. About €5B a month has been spent, for example, on payments to officials or pensioners, which Ukraine cannot pay on its own. The International Monetary Fund considers these calculations fair and comes to similar figures. Assistance will be provided in the form of loans and grants. Therefore, Kyiv will not have to return the entire amount.

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