G7 countries to provide $19.8 billion in aid to crisis-ridden Ukraine


Finance chiefs from major Group of Seven economies have pledged $19.8 billion in budget support to Ukraine this year as the country struggles to keep functioning amid the destruction wrought by the invasion Russian.

“While also responding to Ukraine’s humanitarian and other material needs, we recognize, in particular, Ukraine’s urgent short-term financing needs,” the G-7 finance ministers said Friday in a statement. communicated after two days of meetings near Bonn.



The amount includes $9.5 billion in pledges made ahead of this week’s meeting, “to help Ukraine close its funding gap and continue to deliver basic services to the people Ukrainian”.

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The announcement follows the US Senate approving more than $40 billion in aid to Ukraine, sending the bill to President Joe Biden for his signature. From there, the United States contributes $7.5 billion to the G-7 plan.

The statement also welcomed “ongoing work within the G-7 and international financial institutions on substantial new funding to Ukraine.” This may include another 9.5

billion euros ($10 billion) of “additional macro-financial assistance”.


Donbass ‘destroyed’ as Russia steps up attacks in region

Russian forces shelled areas of Donbass on Friday, destroying homes and killing a number of civilians, Ukrainian officials said. President Volodymyr Zelenskiy said the assaults had turned Donbass into “hell”.



Russia to stop gas flows to Finland from today

Russian Gazprom has informed Finland that it will stop natural gas flows from Saturday morning, Finnish gas wholesaler Gasum announced on Friday. Gasum refused to pay Gazprom Export in rubles as Russia asked European countries to do.


Russia paves the way for enlisting people over 40 in the army

The Russian parliament has said it will consider a bill allowing Russians over 40 and foreigners over 30 to enlist in the military. The website of the lower house of parliament said the move would allow the military to use the skills of older professionals.


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