G7 countries will allocate $39B in aid to Ukraine

G7 Finance Ministers and Central Bank Governors noted on February 23, 2023, that the countries of the Group of Seven (G7) would allocate $39 billion in financial assistance to Ukraine in 2023.

Source: G7 Finance Ministers and Central Bank Governors

“For 2023, based on the Government of Ukraine’s needs, we have increased our commitment of budget and economic support to 39 billion US dollars. These significant commitments and their swift disbursement give Ukraine certainty and enable the authorities to safeguard the functioning of government, continue the delivery of basic services, carry out the most critical repairs of damaged infrastructure and stabilize the economy,” informed G7 Finance Ministers and Central Bank Governors.

The statement also emphasizes that this financial support is an addition to military support and training of the Ukrainian army, as well as humanitarian assistance.

“We will continue our joint efforts to support and contribute to Ukraine’s repair of its critical infrastructure, recovery and reconstruction, including through the Multi-agency Donor Coordination Platform,” added G7 Finance Ministers and Central Bank Governors.

G7 countries will also take measures to prevent any attempts to circumvent the sanctions introduced against Russia.

See also: Ministers of the G7 countries agreed on further support for Ukraine, – Ukraine’s Foreign Minister

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