G7 support crucial for longer war with Russia

A new international economic support package of $115 billion gives Ukraine more confidence that it can prevail in battling Russia’s invasion, amid growing recognition that the war could continue for longer than expected, Ukrainian Finance Minister Serhiy Marchenko said on Saturday.
Marchenko said Group of Seven (G7) finance ministers assured him during this week’s International Monetary Fund and World Bank meetings in Washington that they will support Ukraine for as long as needed, a shift from last year, when there was more pressure for Ukraine to agree to end the war.
He said the fresh pledge of economic support – unlocked by a new four-year, $15.6 billion IMF loan – was “tremendously” important for Ukraine, now in a second year of war after Russia’s invasion on Feb. 24, 2022.
“Financial support is very necessary, as well as military support,” he said, acknowledging growing acceptance that the military conflict could drag on.