The G7 countries pledged on Friday to mobilize 19.8 billion US dollars (over 25 billion Canadian dollars) to support Ukraine’s finances severely affected by Russia’s offensive, according to their declaration at the end of a meeting of finance ministers in Germany. .
In 2022, we are mobilizing $ 19.8 billion in budget support, including $ 9.5 billion in recent commitments […] to help Ukraine fill its financial deficit and allow the resumption of basic services to Ukrainian citizensaccording to this joint statement.
The document does not specify the contribution of each country and international organization to the total envelope, or the proportion of loans and direct assistance.
In a total of 19.8 billion dollars, the 9.5 billion (C $ 12 billion) portion was raised at the conclusion of discussions held over two days between major fundraisers of the G7 meeting in Germany.
The liquidity of Ukraine is guaranteed in the near futuresaid the German Minister of Finance at a press conference.
Ministers and central bankers from seven industrial powers (United States, Japan, Canada, France, Italy, United Kingdom, Germany) gathered in the German city of Köningwinter to raise funds to help the Ukrainian state , faced with Russian aggression.
Urgency is important to provide money to the Kyiv budget for the current quarter because the conflict is causing a collapse of cash inflows.
The United States will contribute $ 7.5 billion (C $ 9.6 billion), taken from the massive $ 40 billion (more than C $ 51 billion) aid package approved by the U.S. Congress on Thursday.
On Wednesday, the European Commission proposed for its part a new macro-financial assistance in Ukraine for this year in value up to 9 billion euros (over C $ 12 billion).
To run the country, kyiv estimates its needs at 5 billion dollars per month (C $ 6.4 billion).
We will continue to stand with Ukraine […] and we are willing to do more than necessaryconfirmed on Friday the G7 representatives.
Source: Radio-Canada
