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Germany's finance minister says the Group of Seven leading economies are set to agree on more than USD 18 billion in aid for Ukrainian defence efforts. Finance Minister Christian Lindner said in an interview with Bloomberg Television on Friday that Ukrainians resisting Russia's invasion are not only defending themselves, they are defending our values. A representative from the US Treasury Department declined to confirm the amount set to be allocated at a meeting of G-7 finance ministers in Germany, and a spokesman from the German finance ministry declined to comment to The Associated Press. US Treasury Secretary Janet Yellen and other leaders have spoken this week about the need for allies to put together enough additional aid to help Ukraine get through the Russian invasion.
The Group of Seven wealthy democracies have wrapped up their first face-to-face summit in two years at a seaside resort in southwest England. The leaders of the G-7 Canada, France, Germany, Italy, Japan, the United Kingdom and the United States made commitments on a range of topics, from sharing coronavirus vaccines to tackling climate change and making corporate taxation fairer. Their final agreement from the three-day meeting also included a section on challenging China over non-economic economic practices and calling on Beijing to respect human rights. Here are details on the key topics they covered: VACCINE SHARING The presidents and prime ministers committed to sharing at least 1 billion vaccine shots with struggling countries over the next year, with deliveries starting in August. U.S. President Joe Biden pledged 500 million doses. Britain and Canada committed to 100 million shots each, and France said it would pitch in with 60 million doses. However, the World Health ...