Finance leaders of G7 agree on US$ 18.4 bil. financial assistance for Ukraine
Updated: 2022-05-20 09:32:22 KST
Finance ministers of the G7 agreed to provide 18.4 billion U.S. dollars worth of financial assistance for Ukraine.
In a draft communique released Thursday following their meeting, the U.S., Japan, Canada, Britain, Germany, France and Italy, vowed to stand by Ukraine throughout its war with Russia, and do more if needed.
Germany, which holds the G7 presidency this year also announced a contribution of one billion euros, or 1.1 billion dollars for Ukraine.
"To this end, we are currently collecting the various pledges for direct liquidity support. The United States of America has already pledged 7.5 trillion US dollars in direct support for Ukraine. I have just declared for Germany in the meeting that we want to participate in the order of one billion euros."
The news comes as the U.S. Senate passed a 40 billion dollar military and humanitarian assistance package for the war-torn country.
The bill, which passed in the House of Representatives earlier this month, now goes to President Joe Biden for his final signature.
It provides funding for defense equipment, migration and refugee assistance as well as emergency food aid.
Against this backdrop, the U.S. Chairman of the Joint Chiefs of Staff spoke with his Russian counterpart over the phone Thursday.
The Pentagon confirmed that the military leaders discussed several security-related issues of concern, agreeing to keep the lines of communication open.
The call comes a week after U.S. Secretary of Defense Lloyd Austin held a phone call with his Russian counterpart.
Kim Hyo-sun, Arirang News.