G7 countries commit $18.4 Billion aid package for Ukraine

May 20, 2022:  According to a report by Reuters, the Group of Seven (G7) industrialised nations have committed $18.4 billion in transfers and loans to help Ukraine meet its immediate financing needs, according to a draft communique.

“We have mobilised 18.4 billion US dollars of budget support, including 9.2 billion US dollars of recent commitments in the lead up to the Petersberg meeting, to help Ukraine close its financing gap and continue ensuring the delivery of basic services to the Ukrainian people,” the G7 finance ministers and central bankers said in the draft document.

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