KYIV, Dec 12 – The Group of Seven member countries are intensifying efforts to address Ukraine's urgent financial needs and fully support efforts to secure the financial stability and recovery of Ukraine, the G7 said in a statement on Monday.

"Building on our commitments so far, we will continue to galvanize international support to help address Ukraine's urgent short-term financing needs. We ask our Finance Ministers to convene shortly to discuss a joint approach for coordinated budget support in 2023," according to the statement, which was published on Monday after the G7 leaders' online consultations.