![G7 countries approves to provide financial support to Ukraine](https://www.gkseries.com/blog/wp-content/uploads/2022/05/download-2022-05-21T131255.601.jpg)
Group of Seven (G7) countries have agreed to provide financial support to Ukraine to meet its immediate financing needs. The US Senate has approved a USD 40 billion package of military, economic and humanitarian assistance to Ukraine.
Christian Lindner (German Finance Minister) has announced a contribution of USD 1.1 billion to Ukraine’s budget. The European Commission has pledged up to USD 9.5 billion of macro-financial assistance in the form of loans.