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G7 countries set to approve USD18 billion for Ukraine

KOENIGSWINTER, GERMANY (AP) – The Group of Seven (G7) leading economies are set to agree on over USD18 billion in aid for Ukrainian defence efforts as meetings of finance ministers close yesterday, Germany’s finance minister told Bloomberg Television.

“I think it’s a very good signal that the G7 nations are standing shoulder to shoulder with Ukraine because they are not only defending themselves, they are defending our values,” German Finance Minister Christian Lindner told Bloomberg.

A representative from the United States (US) Treasury Department declined to verify the amount allocated, and a spokesman from the German finance ministry declined to comment to the Associated Press (AP).

US Treasury Secretary Janet Yellen and other leaders spoke this week about the need for allies to put together enough additional aid to help Ukraine “get through” the Russian invasion.

“All of us pledged to do what’s necessary to fill the gap,” Yellen said on Thursday.