G7 Finance Ministers confirm their commitment to financially support Ukraine for as long as needed
MOSCOW (Sputnik) – G7 finance ministers and central bank governors on Saturday confirmed their commitment to supporting Kyiv “as long as it takes” and to addressing the urgent financial needs of Ukraine and its neighboring countries. .
“We reiterate our unwavering support for Ukraine for as long as it takes and are united in our condemnation of Russia’s illegal, unjustifiable and unprovoked war of aggression against Ukraine,” they said in a statement. joint statement released after the three-day meeting in Japan. Niigata, adding that they are “firmly committed to continuing to meet Ukraine’s urgent short-term funding needs, as well as supporting its neighbors and other severely affected countries.”
G7 summit participants also reaffirmed their support for international cooperation as a means of solving global economic problems, adding that they rejected “Russia’s repeated false narratives” about the negative impact of sanctions on food security and energy.
“We have, together with the international community, increased our commitment of fiscal and economic support to Ukraine for 2023 and early 2024 to US$44 billion, which enabled the approval of an International Monetary Fund (IMF) program ) for Ukraine in the amount of 15.6 billion US dollars over 4 years,” the statement said.
The allocated funds, according to the G7 finance ministers, will help restore Ukraine’s critical infrastructure and ensure the normal functioning of its government, the provision of basic services and economic stabilization.
Furthermore, the representatives of the G7 member states confirmed their intention to maintain the anti-Russian sanctions regime.
“We reiterate our unwavering determination to impose and enforce sanctions and other economic measures to further undermine Russia’s ability to wage its unlawful, unjustifiable and unprovoked war of aggression. We remain determined to thwart any attempt to elude and undermine our sanction measures,” the statement read. said.
The parties also intend to continue to closely monitor cross-border transactions between Russia and other countries, as well as to analyze “the effectiveness of price caps on Russian crude oil and petroleum products to ensure that the measure achieves its objectives”.
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