Ukraine will receive a loan from Japan, which will be "paid back" by Russia: what is the amount

Japan will provide Ukraine with financial assistance worth $3.09 billion (471.9 billion yen) as part of a $50 billion loan from the G7. The loan will be repaid at the expense of proceeds from Russia's frozen assets.

This was reported by Nikkei. It is noted that the loan is provided on condition that the money will not be used for military purposes.

"Japan will be responsible for 471.9 billion yen and will provide funds in the form of a yen loan from the Japan International Cooperation Agency (JICA) ... through the World Bank fund. The assistance will be monitored ... to avoid the use of funds for military purposes," the statement said.

Earlier, the leaders of the G7 countries decided to provide Ukraine with a loan totaling about $50 billion at the expense of frozen money from the Russian Federation. Disbursements are scheduled to begin by the end of this year.

At the same time, the United States will provide Ukraine with a $20 billion G7 loan, which will be repaid from frozen Russian assets. Half of the funds are to be used for military assistance, and the rest for economic support for Ukraine.

The United Kingdom will provide Ukraine with a loan of 2.26 billion pounds (about 2.93 billion dollars) for military equipment. It will also be repaid with proceeds from Russia's frozen assets.

For his part, Prime Minister Denys Shmyhal earlier noted that the provision of $50 billion in aid to Ukraine by the European Union (EU), the United States, and the United Kingdom was one of the country's biggest financial victories in the 2.5 years of the great war. Because:

• This aid will be provided at the expense of frozen Russian assets.
• Thus, Russia's money will be used to support Ukraine.

He emphasized that these $50 billion create "the basis for the financial and economic stability of the state in 2025." He also emphasized that this is an interim result, and Ukraine will continue to insist on the full confiscation of all frozen Russian funds.

"Russian money must be completely confiscated for the restoration of our state," the Prime Minister summarized.

As reported by OBOZ.UA, the G7 has no plans to return frozen funds to Russia even after the war in Ukraine. To get back the immobilized assets (which amount to 260 billion euros), Russia must compensate for all the damage caused by the hostilities.

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