The Group of Seven (G7) nations has raised economic support to Ukraine to $39 billion dollars for this year and urged an IMF programme for the country by the end of March.
Japan’s Finance Minister Shunichi Suzuki also told reporters that the G7 needed to assess the effectiveness of current sanctions on Russia before deciding on further action.
The conflict continues to rage despite sanctions by western nations meant to cripple Russia’s financing of its military operation.
Ukraine is hoping to clinch a $15 billion programme with the International Monetary Fund that will cover immediate financial assistance and support for structural reforms to underpin efforts at post-conflict rebuilding.
The G7 comprises Britain, Canada, France, Germany, Italy, Japan, and the United States.
