Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Politics

Germany pledges 1 billion euros in grants to help Ukraine - Finance Minister

Germany's Finance Minister Christian Lindner looks on after a family photo during the G7 Summitin Koenigswinter, near Bonn, Germany May 19, 2022. REUTERS/Thilo Schmuelgen

German Finance Minister Christian Lindner said he pledged 1 billion euros ($1.06 billion) in grants to Ukraine at a meeting of finance officials from the Group of Seven (G7) economic powers on Thursday to help it with short-term liquidity needs.

"I have just declared for Germany in the meeting that we want to participate to the tune of 1 billion euros ... in grants," Lindner told reporters, adding that the finance ministers and central bankers had also discussed inflation.

"The G7 are aware that inflation is currently one of the biggest economic risks. We must make a concerted effort - each with its own capabilities - to fight inflation in the world and in our economies," he added.

($1 = 0.9466 euros)

(Reporting by Christian Kraemer; Writing by Paul Carrel; Editing by Miranda Murray)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.