G7 Offers $9.5 Billion New Aid for Ukraine, Ready With More

G7 Offers $9.5 Billion New Aid for Ukraine, Ready With More
Ukrainian Prime Minister Denys Shmyhal is visible on a screen during the finance ministers and central bank chiefs meeting of the Group of 7 most industrialized nations in Koenigswinter, near Bonn, Germany, on May 19, 2022. Federico Gambarini/Pool via Reuters
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KOENIGSWINTER, Germany—The Group of Seven’s financial leaders agreed on $9.5 billion in new aid to Ukraine on Friday and promised enough money to keep the country’s devastated economy afloat as long as it fights against Russia’s invasion.

Finance ministers and central bank governors of the United States, Japan, Canada, Britain, Germany, France, and Italy—the Group of Seven (G7)—said their support for Ukraine in 2022 so far would be $19.8 billion. The German finance ministry clarified the total included $10.3 billion already promised or disbursed earlier.