KIEV, Dec. 8 – The Group of Seven nations, or G7, are discussing a new financial package for Ukraine which could amount to some $4 billion, The Wall Street Journal reported with reference to several officials familiar with the discussions.

The discussions on the new package of assistance picked up in recent days as Kiev's financial situation has deteriorated.

This issue was on the agenda of a meeting of finance ministry officials from most G7 countries on December 4, one of the officials said.