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G7 finance ministers eye thrashing Ukraine aid plan

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G7 partners meet Thursday hoping to find a solution for Kyiv's budget troubles as the fallout from Russia's invasion of Ukraine continues to roil the global economy.

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"The bilateral and multilateral support announced so far will not be sufficient to address Ukraine's needs, even in the short term," United States Treasury Secretary Janet Yellen said in a speech in Brussels on Tuesday. The story is similar in Europe, where the disruptions caused to supplies of raw materials, components and agricultural goods have darkened the outlook.

Ahead of the meeting on Wednesday, the European Union also proposed to boost its aid to Ukraine by up to nine billion euros.

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