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Ukraine: Mayor wants IMF aid and tougher sanctions against Russia

2023-02-20T11:43:49.270Z


French Economy Minister Bruno Le Maire pleaded on Monday for IMF aid of 15 billion euros to Ukraine and a strengthening...


French Economy Minister Bruno Le Maire pleaded on Monday for 15 billion euros in IMF aid to Ukraine and tougher economic sanctions against Russia, ahead of a G20 Finance meeting this week. week in India.

Noting the "

sad anniversary

" of a year of war in Ukraine on Friday, when the meeting of finance ministers and central bankers of the G20 countries will be held in Bangalore (India), the French minister said he hoped that "we work

on an IMF program for Ukraine which could be around 15 billion euros over four years

”.

"

Beyond the support provided by Europe, beyond the support provided by the G7 countries, it is important for the IMF to mobilize for Ukraine

," said Bruno Le Maire.

The IMF had indicated on Saturday that Ukraine would be able to request financial support from it following an agreement between the institution and Kyiv, the IMF judging that the Ukrainian authorities had shown a "solid" performance

under

the monitoring program of this country at war.

According to Bercy, European financial assistance to Ukraine already amounts to 18 billion euros, of which more than 3 billion were disbursed in January, while the United States approved 9.5 billion dollars for Kyiv.

"

In the context of the G7, moreover, we will plead for a strengthening of economic sanctions against Russia

", also indicated Bruno Le Maire.

Read alsoInflation: “There will be no red March”, assures Bruno Le Maire

"

These economic sanctions are effective

", because "

they have made it possible to practically halve Russia's oil revenues, they have made it possible to completely disrupt Russia's value chains, particularly in industries as strategic as aeronautics or the automobile

" and are "

a long-term weapon

", underlined the French minister.

Source: lefigaro

All business articles on 2023-02-20

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