G7 meeting in Germany will seek a solution for the Ukrainian economy
Partners from G7 are due to meet in Germany today to seek a solution to the war-torn Ukrainian economy. Bi-bi-si.
US Secretary of the Treasury Janet Yellen He said that the support promised so far "will not be enough to cover the needs of Ukraine, even in the short term."
Yellen, who will attend the Koenigswinter meeting, called on US partners to "join in increasing their financial support" for Ukraine.
The Russian invasion destroyed Ukrainian finances. The United States has continued with a $ 40 billion aid package to boost Kyiv's coffers and military reserves. But the world's largest economy is facing its own challenges at home, with rising inflation as fears rise that the country could head into recession. Europe is facing a similar situation, and the continent's heavy dependence on Russian energy imports leaves it vulnerable to further fuel price hikes, or potential supply disruptions.