Ukraine will receive $19.8 billion from G7 countries

A total of $19.8 billion in aid will be made available to Ukraine by the Group of Seven leading economies and global financial institutions, Germany's finance minister said on Friday.

The G-7 finance ministers' meeting this week in Königswinter Germany, Christian Lindner told reporters that about $9.5 billion of the total was mobilized. Ukraine should not be disadvantaged by its financial situation when it comes to defending itself against Russian invasion, he explained.

“We agreed on concrete actions to deepen multilateral economic cooperation and underlined our commitment to our united response to Russia’s war of aggression against Ukraine and to our unwavering support to Ukraine,” a G-7 statement reads.

20 May 2022