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G7 Urges IMF to Deliver Ukraine Funding Package by End-March: Statement

AFP

Last Updated: February 23, 2023, 20:42 IST

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Ukraine will receive a full-fledged loan package from IMF which Zelensky can used for reconstruction purposes. (File photo/Reuters)

Ukraine will receive a full-fledged loan package from IMF which Zelensky can used for reconstruction purposes. (File photo/Reuters)

It added that sanctions so far have "significantly undermined Russia's capacity to wage its illegal war. We will continue to closely monitor the effectiveness of sanctions and take further actions as needed

    Group of Seven finance ministers urged the International Monetary Fund on Thursday to deliver a new aid package to Ukraine by the end of March, according to a statement.

    “(We) urge the IMF and Ukraine to deliver a credible, ambitious, fully financed and appropriately conditioned IMF program by the end of March 2023," the joint G7 statement, issued by the current head of Japan after a meeting in India, said.

    It added that sanctions so far have “significantly undermined Russia’s capacity to wage its illegal war. We will continue to closely monitor the effectiveness of sanctions and take further actions as needed.

    “We will also continue to work closely together and with our partners to enforce our sanctions and prevent any attempts to evade or circumvent sanctions. In this context, we call on other countries to join our sanctions on Russia," the statement said.

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    (This story has not been edited by News18 staff and is published from a syndicated news agency feed)
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    first published:February 23, 2023, 20:42 IST
    last updated:February 23, 2023, 20:42 IST
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