G-7 Finance Chiefs Said to Plan Talks on Ukraine Crisis Tomorrow

Finance chiefs from the Group of Seven countries will discuss the crisis in Ukraine at talks in Washington tomorrow, a G-7 official said.

The discussion will take place as finance ministers and central bank heads gather for the spring meetings of the International Monetary Fund and the World Bank, said the official, who spoke on condition of anonymity, citing policy.

G-7 leaders last month suspended Russia’s participation in an expanded Group of Eight over Russia’s incursion into Ukraine’s Crimea region. The G-7 comprises the U.S., Japan, Canada, the U.K., Germany, Italy and France.

Ukraine faces more than $9 billion in maturing debt and interest payments this year, according to data compiled by Bloomberg, and expects to receive $13.5 billion of bailout funds including IMF aid, Prime Minister Arseniy Yatsenyuk said April 4.

Russian President Vladimir Putin today said Russia can’t subsidize Ukraine forever and urged talks before a possible switch to advance payments for natural gas. Prime Minister Dmitry Medvedev said Ukraine owes $16.6 billion in energy debts.

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