The Cabinet of Ministers has approved the attraction of nearly $3 billion from Japan, secured by revenues from frozen Russian assets.
This was announced by Prime Minister Denys Shmyhal during a government meeting on May 30, according to his Telegram channel.
"Today, we are making a decision to attract funds from Japan. This is nearly $3 billion, secured by revenues from frozen Russian assets, to finance Ukraine's priority budget expenditures," he said.
Shmyhal added that Ukraine has also reached a staff-level agreement on the eighth review of its cooperation program with the International Monetary Fund.
"Following the approval of the decision by the Fund’s Executive Board, we expect a new tranche of about $500 million," he noted.
