International financial organizations such as the IMF and the World Bank have promised Ukraine billions in aid in the fight against Russia in the coming months.
The International Monetary Fund (IMF) announced on Wednesday night that decisions on emergency financing could be made as early as next week.
Talks are also ongoing with Ukraine about an aid program that could add an additional $2.2 billion by the end of June.
The World Bank said it would put together a $3 billion package in the coming months.
An initial payout of $350 million is expected to flow this week.
According to insiders in Ukraine, this should be free to use, i.e. not subject to conditions.
According to the World Bank, a $200 million emergency aid is also planned for health and education.
Both Washington-based financial organizations have also pledged help to countries neighboring Ukraine so that they can now take in and care for refugees.
More than 660,000 people have already fled Ukraine after the Russian invasion.
In a joint statement, IMF head Kristalina Georgieva and World Bank President David Malpass said the war in Ukraine was causing commodity prices to rise further, fueling the already high inflation, which hit poor people hard in particular.
"Distortions in the financial markets will worsen if the conflict continues."
In addition, the sanctions imposed by the West on Russia would have an impact on the economy.
US Treasury Secretary Janet Yellen said on Tuesday evening after consultations with the seven leading industrialized nations (G7) that a special working group should help freeze and confiscate Russian assets.
Federal Finance Minister Christian Lindner emphasized after the G7 meeting that the sanctions were already having an effect, sometimes exceeding expectations.
The war chest of Russian President Vladimir Putin was hit hard.
Further punitive measures will be decided in the next few days.