G7 finance ministers pledge more than $24B in aid to Ukraine

G7 finance ministers pledge more than $24B in aid to Ukraine

Ukrinform
G7 finance ministers pledged additional support to Ukraine exceeding $24 billion for 2022 and beyond, adding that they were prepared to do more as needed.

In a statement, the ministers said they regretted Russia's participation in international forums, including G20, International Monetary Fund and World Bank meetings this week, Ukrinform reports referring to Reuters.

"International organisations and multilateral fora should no longer conduct their activities with Russia in a business-as-usual manner," the ministers said.

Earlier, German Chancellor Olaf Scholz said that the G7 countries had promised to allocate EUR 50 billion to Ukraine. Most funds are already available, the rest will be collected soon.

On February 24, 2022, the Russian Federation launched an unprovoked war against Ukraine. The invaders shell and bomb Ukrainian cities, towns, and villages, torturing and killing civilians.

The European Union, the United States, and other countries have imposed strong sanctions on Russia as an aggressor state.

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