The seven countries pledge nearly $20 billion to provide liquidity to Kyiv until the end of June.
Correspondent in Berlin
Running out of cash, deprived of revenue, and totally absorbed by military spending, the Ukrainian state budget will benefit from a saving envelope of 19.8 billion dollars (18.7 billion euros) from of the G7. This was decided in the short term by the ministers of the seven major industrialized countries meeting in Germany, in Köningswinter, near the former federal capital, Bonn. “Ukraine’s liquidity is guaranteed for the next few days summed up the host of the meeting and German minister, Christian Lindner, that is until the end of June.
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The details of the respective contributions of members and institutions attached to the G7 remain opaque. Basically, the operation takes place under the aegis of the International Monetary Fund (IMF), which is in charge of the program for managing the liquidity provided to Kyiv. At the same time, the United States will dig 7.5 billion dollars into a colossal new aid plan for Ukraine of 40 billion dollars, voted on Thursday…