The finance ministers of the Group of Seven economic powers want to put together a 15 billion euro ($15.80 billion) aid package for Ukraine at their meeting in Bonn this week, a senior German government official said, Report informs, citing Reuters.

The package would cover three months, with a short-term financing arrangement mainly in the form of grants, which unlike loans do not have to be repaid, the official said, adding that the aid was needed because Ukraine’s revenues have collapsed.