Russia-Ukraine crisis

G7 commits to $32 billion in budget support for Ukraine in 2023

Reuters
G7 commits to $32 billion in budget support for Ukraine in 2023

IN THE DONBAS. A Ukrainian helicopters flies, as Russia's invasion of Ukraine continues, near the eastern Donbas region of Sviatohirs'k, Ukraine, on October 31, 2022.

Clodagh Kilcoyne/Reuters

The G7's pledge of $32 billion includes $19 billion from the European Union

BERLIN, Germany – The Group of Seven (G7) wealthy nations has mobilized up to $32 billion in budget and economic support for Ukraine next year, their finance ministers said in a joint statement on Thursday, December 22, adding that they are prepared to give more if needed.

“We remain strongly committed to addressing Ukraine’s urgent short-term financing needs,” the ministers said, while encouraging other donors to up their contributions to the war-torn country.

The G7’s pledge of $32 billion includes $19 billion from the European Union, the statement said.

The full amount has now been disbursed or is in the process of being disbursed to Ukraine, according to the statement from the ministers from the United States, Canada, Japan, Germany, France, Italy and Britain.

Supporting Ukraine following Russia’s invasion remains a priority of the G7, German Finance Minister Christian Lindner said. Germany, which has held the G7 presidency this year, is handing over the reins to Japan for 2023. – Rappler.com

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.