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G7 agree further financing for Ukraine, to discuss details in coming weeks

Published 05/25/2024, 06:39 AM
Updated 05/25/2024, 06:41 AM
© Reuters. FILE PHOTO: German Finance Minister Christian Lindner, United States Secretary of the Treasury Janet Yellen, Bank of Canada Governor Tiff Macklem, Canada's Minister of Finance Chrystia Freeland, Italy's Economy Minister Giancarlo Giorgetti, Bank of Italy

STRESA, ITALY (Reuters) - Finance ministers from the Group of Seven wealthy democracies have agreed on further financing for Ukraine but have not yet agreed on the details, German Finance Minister Christian Lindner said on Saturday.

© Reuters. FILE PHOTO: German Finance Minister Christian Lindner, United States Secretary of the Treasury Janet Yellen, Bank of Canada Governor Tiff Macklem, Canada's Minister of Finance Chrystia Freeland, Italy's Economy Minister Giancarlo Giorgetti, Bank of Italy Governor Fabio Panetta, Japan's Finance Minister Shunichi Suzuki, Bank of Japan Governor Kazuo Ueda, France's Minister for Economy and Finances Bruno Le Maire, Eurogroup President Paschal Donohoe, Bank of France Governor Francois Villeroy de Galhau, European Central Bank (ECB) President Christine Lagarde, International Monetary Fund (IMF) Managing Director Kristalina Georgieva, President of Germany's Federal Reserve Bundesbank Joachim Nagel, World Bank President Ajay Banga, attend a family photo session at the G7 Finance Ministers and Central Bank Governors' meeting in Stresa, Italy, May 24, 2024. REUTERS/Massimo Pinca/File Photo

The G7 countries are now working on next year's financing plan for Kyiv as this year's financing has been successful, Lindner added.

"We are not yet ready to find further and clear measures to finance Ukraine. But this is now a topic of intensive work," Lindner told journalists on the sidelines of the meeting of G7 finance chiefs in the northern Italian town of Stresa.

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