Ukraine seeks $50bn from G7 countries & IMF as financial aid to Kyiv amid war with Russia

As Russian war enters day 54, Ukraine on Sunday appealed to Group of Seven (G7) and International Monetary Fund to authorise $50 billion in financial aid to Kyiv. Speaking at a televised dress, Chief Economic visor to Ukrainian President Volodymyr Zelenskyy, Oleg Ustenko stated that embattled country is using "several parallel routes" to make up for losses incurred in wake of two-month-long running Russian assault. He also ded that Kyiv is also considering requesting a Special Drawing Rights loan from IMF.

" President (of Ukraine) has asked G7 countries to provide $50 billion in funding for Ukraine. We are using several parallel routes at same time," Chief Economic visor to Zelenskyy, Oleg Ustenko said.

According to economic expert, Ukraine is currently losing about $7 billion a month staging a strong defence and subsequent expenses, which roughly amount to $50 billion over a period of six months, Ustenko explained. financial assistance if issued at 0% coupon bonds will help Kyiv cover war-linked budget deficit over next six months, expert ded. Furr, he informed that options are currently beings actively discussed in Zelenskyy's ministration.

Kyiv asks Germany for Weapon supplies

As Russian war looks at no sign to cease, Zelenskyy on Sunday reiterated Kyiv's call to West to increase weapons supply to stage a strong defence against inving forces. In a thinly-veiled swipe at Germany, President said that fate of upcoming battle in Ukraine's eastern flank depends on "those who have weapons and ammunition we need and are holding back." Speaking at his usual late-night dress on daily update of war, Zelenskyy shared that he discussed financial needs of country with IMF chief Kristalina Georgieva, ding that y agreed on concrete measures to support Ukraine in short and long terms.

He also took a swipe at Russia's renewed bombing campaign in Kharkiv and confirmed official figures that five people have died in strikes on city Sunday and 18 over past four days. Zelenskyy ded that Russian regrouping troops intend on destroying once-celebrated industrial might of Donetsk and Luhansk regions.

(Image: AP)