G7 commitments to support Kiev for 2023-2024 rise to $44 billion

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The G7 countries (USA, Canada, UK, Germany, France, Italy and Japan) increased the amount of financial aid to Ukraine to $44 billion for the period from 2023 to the beginning of 2024. accepted Finance ministers and heads of central banks of the G7 countries came together after the meeting in Niigata, Japan.

“Together with the international community, we have increased our budgetary and economic support commitments to Ukraine to $44 billion for 2023 and early 2024,” the document says.

An increase in the volume of support will enable the implementation of the International Monetary Fund’s (IMF) program for Ukraine, worth over $15.6 billion over the next four years.

This week, the Prime Minister of Ukraine denied Shmyhal reported About Ukraine receiving $20 billion from the European Union (EU) from February 2022 to support the country’s economic and financial stability. According to him, the EU became the main donor of the Ukrainian budget.

In the second half of April, Minister of Finance of Ukraine Sergei Marchenko calculatedUkraine will need financial assistance of at least 18 billion euros in 2024.

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