Germany pledges 1 billion euros in grants to help Ukraine - Finance Minister

·1 min read
G7 Summit in Koenigswinter

KOENIGSWINTER, Germany (Reuters) - German Finance Minister Christian Lindner said he pledged 1 billion euros ($1.06 billion) in grants to Ukraine at a meeting of finance officials from the Group of Seven (G7) economic powers on Thursday to help it with short-term liquidity needs.

"I have just declared for Germany in the meeting that we want to participate to the tune of 1 billion euros ... in grants," Lindner told reporters, adding that the finance ministers and central bankers had also discussed inflation.

"The G7 are aware that inflation is currently one of the biggest economic risks. We must make a concerted effort - each with its own capabilities - to fight inflation in the world and in our economies," he added.

($1 = 0.9466 euros)

(Reporting by Christian Kraemer; Writing by Paul Carrel; Editing by Miranda Murray)

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