The G7 countries have decided to allocate USD 19.8bn to Ukraine and promised to provide additional financial support if necessary. The decision was taken at a meeting of finance ministers and central bank governors of the USA, Canada, Japan, Germany, France, Italy and the UK in Germany. This was reported by Reuters.

"In 2022, we have mobilized $19.8 billion for fiscal support, including $9.5 billion in recent commitments ... to help Ukraine reduce its financing gap and continue to provide essential services to the Ukrainian people," the G7 said in a statement.

Ministers also welcomed the ongoing work of the G7 and international financial institutions on further substantial funding for Ukraine, particularly including the European Commission's proposal for up to 9 billion euros in additional macrofinancial assistance.

Additional planned support for Ukrainian state-owned enterprises and the private sector through the European Bank for Reconstruction and Development and the International Finance Corporation amounts to $3.4 billion, the statement said.

"We will continue to support Ukraine throughout this war and beyond and are prepared to do more as needed," the G7 statement said.