Ukraine aims to receive US$50 billion from G7 without conditions and for any purpose

Ukraine seeks to attract US$50 billion from the G7 to its budget without conditions and for any purpose.

Source: Ukrainian Prime Minister Denys Shmyhal at the Ukraine 2024. Independence forum

Details: Ukraine expects that the G7 countries will launch a mechanism of additional loans to increase budget revenues (Extraordinary Revenue Acceleration Loans for Ukraine, ERA) by the end of 2024.

Quote: "We have our political framework. It should be US$50 billion. Ukraine should receive it no later than the end of this year. These funds should be unconditional for Ukraine [i.e. not tied to any reforms]. They must be interest-free and not affect the increase in public debt. And we can use these funds for any needs."