Japan arranging to shoulder $3.3 billion in G7 loans for Ukraine

Japan to reportedly cover $3.3 billion of G7 loan to Ukraine

Japan will shoulder $3.3 billion of the loan pledged by the Group of Seven (G7) to Ukraine covered by Russian assets proceeds, Kyodo News reported on July 17, citing undisclosed diplomatic sources.The G7 pledged the $50-billion loan to Ukraine during a June summit in Italy to aid the country as it faces Russia's full-scale invasion. It should be repaid using revenue from the roughly $300 billion Russian assets frozen in the accounts of Western c…

Japan arranging to shoulder $3.3 billion in G7 loans for Ukraine

Japan is arranging to shoulder $3.3 billion in loans to Ukraine as part of support to be provided by Group of Seven members utilizing interest from Russian sovereign assets frozen as part of their sanctions over Moscow's invasion of its neighbor, according to diplomatic sources.