Japan plans to provide Ukraine with a loan in the amount of $3.3 billion, which will be part of a package of financial support from the countries of the "Group of Seven" (G7) in the total amount of $50 billion. This loan will be repaid with interest from frozen Russian assets, which is a reaction to Russia's aggression against Ukraine.
The decision to grant the loan was made after the G7 summit held in Italy in June. As part of this funding package, the United States and the European Union have pledged $20 billion each, while Japan, Great Britain and Canada will share the remaining $10 billion. The initiative aims to be implemented by the end of this year.
It is worth noting that France, Germany and Italy may not join this credit project, as the EU already implements a similar support program.
Finance ministers and heads of central banks of the G7 countries will discuss this issue at the upcoming meeting in Rio de Janeiro with colleagues from the G20. This agreement arose against the background of concerns about a possible decrease in support for Ukraine from allies, in particular in the context of growing "Ukraine fatigue".
Japan and the visa regime
In addition to financial support, Japan also simplified the visa regime for citizens of Ukraine from June 24, which aims to promote cultural exchange, commercial relations and support the recovery of Ukraine.
