17 Apr 2023 13:32

France, Germany, UK to allot another $5 billion for supporting Ukraine - Shmygal

MOSCOW. April 17 (Interfax) - France, Germany and the United Kingdom will allot over $5 billion for extra funding of Ukraine, Ukrainian Prime Minister Denis Shmygal said on the sidelines of the Spring Meetings in Washington, U.S.

"Following negotiations with the G7 finance ministers during the Spring Meetings, we were assured of additional financing of Ukraine in the amount exceeding $5 billion. For instance, we have agreed on additional assistance packages with France, Germany and the United Kingdom," the Ukrainian media quoted Shmygal as saying at a press briefing in Washington.

Switzerland will provide Ukraine with 1.8 billion franc over the next six years, while Denmark will set up a special fund and contribute 1 billion euros to it, he said.

Additional assistance to Ukraine has been pledged by Spain, Ireland, Japan, Lithuania, Latvia, Iceland and the Netherlands, Shmygal said.

"All of that will help maintain sustainability of our economy," he said.

Shmygal met with the British, German and French finance ministers on the sidelines of the Spring Meetings in Washington. He highlighted financial support for Ukraine and interaction on the Ukraine Donor Coordination Platform.

Germany will allot over 3 billion euros this year for additional funding of Ukraine, alongside 2 billion euros to be allotted as part of long-term financing by France.