G7 Pledges €260 Million for Chornobyl Repairs, Targeting €500 Million at Paris Donor Conference
Updated
Updated · CNBC · Oct 20
G7 Pledges €260 Million for Chornobyl Repairs, Targeting €500 Million at Paris Donor Conference
1 articles · Updated · CNBC · Oct 20
Summary
€260 million in new G7 funding will help Ukraine repair infrastructure at the Chornobyl nuclear power plant, with officials aiming to raise the full €500 million project cost in Paris next month.
The pledge emerged after a three-hour meeting in Bangkok, where Russia's war in Ukraine returned to the center of IMF and G20 finance talks as tensions flared.
Nearly half of IMFC delegates walked out when Russian Finance Minister Anton Siluanov addressed the group, while German Finance Minister Lars Klingbeil said Europeans would not treat Russia as a normal G20 member.
Ukraine central bank chief Andriy Pyshnyi said he was struck by the breadth of support from finance officials, calling the solidarity shown during the meetings a deep and emotional moment.