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Germany: G7 Agrees on €18 Billion for Ukraine

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The G7 countries have agreed on EUR 18 billion in financial aid for Ukraine. At least that’s what the German Finance Minister, Christian Lindner, says in an interview with Bloomberg news agency.

 

The money is intended as a short-term aid. While Ukraine is fighting a war with Russia, the country must remain able to pay its short-term bills, the reasoning goes. “It looks like we can raise more than $18 billion to support Ukraine at this pivotal, historic moment,” Lindner told Bloomberg Television.

According to Lindner, the financing problems for Ukraine in the “near future” will be solved with a billion-dollar amount. The United States is participating for 7.5 billion dollars, says Lindner. The European Union is also contributing to the aid package.

The finance ministers of the G7 countries have gathered in the German city of Bonn for consultations on, among other things, aid to Ukraine.

The Consultative Alliance is made up of seven rich industrialized nations, namely Germany, France, Canada, Italy, Japan, Great Britain and the United States. The European Union is also part of the G7 but is not included among the seven independent states.

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