Ukraine Asks $50B From G7 Member Nations To Cover Budget Deficit

Ukraine has asked G7 member-nations for $50 billion in financial support and is also considering issuing 0% coupon bonds to help it cover a war-linked budget deficit over the next six months, the president's economic adviser Oleh Ustenko said.

Photo Insert: Ukrainian President Volodymyr Zelensky in a video conference with G7 leaders

Speaking on national television, Ustenko said these options were being actively discussed, Natalia Zinets reported for Reuters.

The European Union (EU) has also crafted financial assistance for Ukraine, which has sought food, medicines, clothing, and other necessities for millions of Ukrainians who have stayed and fought the Russian invaders.

Aside from the estimated $4-billion funding from the United States and the World Bank, Ukraine has also received humanitarian aid from France, the UK, Poland, Lithuania, Romania, and several Baltic countries.

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