Japan intends to allocate 4.5 billion dollars in aid to Ukraine
Prime Minister of Japan Fumio Kishida (photo: Getty Images)
Prime Minister of Japan Fumio Kishida stated that Japan is prepared to provide additional funds to support Ukraine, amounting to $4.5 billion, according to Kyodo News .
The leaders of the G7 countries will continue to support the peace initiative of Ukrainian President Volodymyr Zelenskyy called the Formula for Peace, as stated in a release following their online summit.
"We are determined to support an independent, democratic Ukraine within its internationally recognized borders," the G7 statement read.
Japan, led by Prime Minister Fumio Kishida, has announced providing additional assistance to Ukraine amounting to approximately $4.5 billion. These funds will be directed towards the recovery of the country following Russian aggression.
Japan's aid to Ukraine
Earlier, we reported that Japan has introduced a new resettlement program, primarily for people from Ukraine, according to the Japanese government.
Additionally, Ukraine is set to receive $1.2 billion from the World Bank under the guarantee of the Japanese government. The project is expected to benefit almost 10 million Ukrainians.
In October, Japan and Ukraine initiated the first round of security guarantee negotiations. The Office of the President stated that Japan became the fourth country, following the United States, the United Kingdom, and Canada, with which Ukraine started joint negotiations.
