Finance chiefs from the Group of 7 nations say they will help Ukraine get through its hard times while isolating Russia from the global economy.
G7 finance ministers and central bank leaders met for two days in Germany. They agreed to provide financial aid for Ukraine totaling 20 billion dollars. They also discussed adding even more sanctions to Russia over the invasion.
Japanese Finance Minister Suzuki Shunichi said Russia’s actions are totally unacceptable. He said G7 nations have imposed sanctions and pushed diplomatic pressure on them to bring the invasion to an end.
Suzuki said Japan will double the amount of its previous loan to Ukraine. The loan is financed with the World Bank and is now worth 600 million dollars.
Western leaders and their allies have been pressuring India and China to back sanctions. However, concerns are rising that a drawn-out conflict will cause a global recession.
