G7 raises Ukraine support to $39 bln for 2023, urges IMF programme by March

The Group of Seven (G7) nations on Thursday raised economic support to Ukraine to $39 billion for this year and urged an IMF programme for the country by the end of March, according to a statement released by the bloc's current president Japan, Report informs via Reuters.

The decision came after a meeting of the bloc's finance ministers and central bank governors on the eve of the war's first anniversary.

"For 2023, based on the Government of Ukraine's needs, we have increased our commitment of budget and economic support to $39 billion," the statement said.

The G7 comprises Britain, Canada, France, Germany, Italy, Japan, and the United States. The bloc's financial leaders have gathered in India's Bengaluru ahead of a meeting of financial chiefs of the Group of 20 (G20) nations.