G7 finance leaders promise support for Ukraine, vow to enforce sanctions against Russia

‘We call for an immediate end of Russia’s illegal war against Ukraine’

The Group of Seven (G7) finance leaders set up a new supply chain initiative as they vowed to provide more support for Ukraine in a show of unity against Russia’s war.

The aid for Ukraine through early 2024 was nudged up to $44bn in a move that enabled the International Monetary Fund (IMF) to approve $15.6bn of support over four years, Bloomberg reported.

“We call for an immediate end of Russia’s illegal war against Ukraine, which would clear one of the biggest uncertainties over the global economic outlook,” they said in a joint statement.