Japan to provide Ukraine with over $3 billion from frozen Russian assets
Japan will provide Ukraine with more than $3 billion from frozen Russian assets (Getty Images)
Japan will provide Ukraine with over $3 billion in financial aid as part of a G7 loan, which will be repaid from the income generated by frozen Russian assets, citing Nikkei.
Japan will allocate 471.9 billion yen ($3.09 billion) to Ukraine as part of a $50 billion program developed by G7 nations.
The loan will be provided by the Japan International Cooperation Agency (JICA) through a World Bank fund.
Japan will also ensure oversight of these funds to prevent them from being used for military purposes.
EU loan to Ukraine
G7 countries plan to offer Ukraine a $50 billion loan funded by frozen Russian assets by the end of 2024.
On October 23, the EU Council approved the decision to allocate up to €35 billion to Ukraine as part of the loan.
Recently, it was reported that G7 countries have finalized the $50 billion loan agreement for Ukraine.
