G7 pledges financial support to Ukraine - media

Finance ministers and central bankers of the G7 pledged support to Ukraine following their meeting on Friday in Dresden, Germany, Europeonline reports.

"Seven major advanced economies (G7) have pledged their further support to the Ukrainian Government," reads the article.

"We are seriously committed to do everything to help the Ukraine's Government implement their ambitious reform package," German Finance Minister Wolfgang Schaeuble said on behalf of his colleagues. The first task, he said, should be to achieve progress in the negotiations between Ukraine and its creditors on debt restructuring.

As reported, Ukraine expects to receive $40 billion within the package of international assistance. Of these, IMF provides 17.5 billion.

It was initially expected that ministers and bankers would not discuss the issue of Ukraine at their meeting in Dresden.

By Ukrinform