G7 nations prepares USD19.8B to support Ukraine| MENAFN.COM

Saturday, 25 June 2022 02:21 GMT

G7 nations prepares USD19.8B to support Ukraine


(MENAFN) On Friday, the Group of Seven (G7) nations declared that they have prepared a USD19.8 billion financial plan to support Ukraine near its financing gap and remain guaranteeing the export of simple services to the Ukrainian people.

it stated in an announcement that "We continue to increase Russia´s costs of its war by isolating Russia and Belarus from the global economy."

It also stated that "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."

It went further on that "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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