Seven-nations group sets billions for aid


(MENAFN) The Group of Seven (G7), an unofficial group of seven of the globe’s advanced economies; Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and the European Union, nations publicized that they have moved a USD19.8 billion budget support to aid Ukraine end its economical gap as well as keep guaranteeing to provide the main services to the Ukrainians.

G7 stated, "We continue to increase Russia´s costs of its war by isolating Russia and Belarus from the global economy.”

It added, "We remain committed to fully implementing and enforcing our economic and financial sanctions and remain vigilant against sanctions evasion, circumvention and backfilling. We welcome the ongoing work of the multilateral Russian Elites, Proxies and Oligarchs Task Force.”

Furthermore, to the aforementioned, it stated, "Russia´s war of aggression is causing global economic disruptions, impacting the security of global energy supply, food production and exports of food and agricultural commodities, as well as the functioning of global supply chains in general.”

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