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G-7 Crafts Ukraine Aid as Yellen, Lindner Call for Marshall Plan

  • Leaders to discuss initial contribution of 5 billion euros
  • IMF reckons Ukraine’s economy will contract 35% due to war
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WATCH: US Treasury Secretary Janet Yellen calls for large-scale economic assistance to Ukraine.Source: Bloomberg
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Group of Seven finance ministers meeting in Bonn this week will discuss an aid package to support the immediate financial needs of Ukraine, according to government officials.

While final figures have not yet been decided, the G-7 will probably consider a preliminary contribution of 5 billion euros ($5.3 billion) for the first month, said two people familiar with the matter who declined to be identified because talks are ongoing. They are looking at a possible three-month package, one of the officials said.