Japan to transfer $3.3 billion to Ukraine from frozen russian assets

Japan has entered the final stage of negotiating the provision of $3.3 billion to support Ukraine from frozen Russian assets.

This was reported by Kyodo.

According to diplomatic sources of the publication, this amount represents over 6% of the total support package of $50 billion. Japan is rushing to finalize the development of the aid implementation system by the end of the year.

It is expected that the G7 will discuss and reach a joint agreement during the meeting of finance ministers and central bank governors of the G20, which will take place in Rio de Janeiro, Brazil, at the end of July.

The United States and the European Union, playing a leading role in the use of frozen Russian assets, will each contribute $20 billion out of the $50 billion. The remaining $10 billion will be divided among Japan, the United Kingdom, and Canada.

The G7 has decided that the assistance to Ukraine, which is facing Russian aggression, will be provided in the form of a loan, and investment returns from frozen Russian assets will be used to repay the loan.