On Saturday, November 16, Japan allocated $3 billion to Ukraine as part of the G7 initiative for a $50 billion loan, which will be repaid using revenues from frozen Russian assets.
This was reported by President Volodymyr Zelensky on Telegram.
How much money Ukraine already owes to external creditors and what the repayment schedule will beHow much money Ukraine needs to repay creditors from 2024 to 2049 – see our infographic.Today, the Ukrainian leader met with the new Japanese Foreign Minister Takeshi Iwaya. Zelensky emphasized the significance of the fact that the first visit by the Japanese diplomat to another country immediately after the new government was appointed was to Kyiv.
“I thank you for the consistent support of Ukraine's sovereignty and territorial integrity, as well as for the substantial financial and humanitarian assistance from Japan, particularly for the provision of a new package of documents to support our energy sector,” Zelensky wrote.
He also expressed gratitude to Japan for allocating $3 billion as part of the G7 decision regarding the $50 billion loan.
As is known, the Prime Minister of Ukraine, Denys Shmyhal, and the Japanese Foreign Minister signed an agreement to enhance cooperation in the field of information security. According to Shmyhal, Japan is among the leaders in supporting Ukraine, with total assistance reaching $12.1 billion.
It is worth noting that Japan and Ukraine agreed to strengthen dialogue on security issues amidst the deployment of North Korean troops in Russia.
Additionally, the United States recently decided to allocate $20 billion to Ukraine. The funds will be provided under the G7 loan, funded by revenues from frozen Russian assets.