G7 pledges 260 million euros to repair Chornobyl plant

October 20, 2026

The Group of Seven announced 260 million euros ($300 million) in funding for Ukraine to repair infrastructure at the Chornobyl nuclear power plant after a three-hour meeting Thursday evening. The group expects to bring that to 500 million euros, which it said would pay for the whole project, at a donor conference in Paris next month.

The announcement came during the IMF and World Bank annual meetings in Bangkok, where Ukraine returned as a central focus of the week's discussions as tensions flared over the presence of Russian officials.

Russian Finance Minister attended a G20 finance chiefs' meeting on the margins of the IMF gathering in person for the second time this year, after an August G20 session in Asheville, North Carolina, drew criticism from European leaders that forced him out of a group photo.

German Finance Minister said in a statement to CNBC: "pretending that Russia's returning as a normal member of the G20 and sitting at the table again — that won't happen with me, and it won't happen with the other Europeans either."

Nearly half of the delegates on the International Monetary and Financial Committee walked out of the room when Siluanov was addressing the group in Russian on Saturday.

The IMF has warned that rising public debt is squeezing governments' room to spend on priorities such as defense.