Japan will transfer $3.3 billion of frozen assets of the Russian Federation to Ukraine
The G7 countries determined the country's contribution to Ukraine's $50 billion aid at the expense of revenues from frozen Russian assets.
Japan will allocate $3.3 billion to Ukraine as part of the $50 billion total aid agreed by the Group of Seven (G7). About this reported the Japanese news agency Kyodo with reference to diplomatic sources.
According to the agreement, the USA and the European Union will provide Ukraine with 20 billion dollars each, and Japan, Great Britain and Canada – another 10 billion dollars in total. France, Germany and Italy will not participate individually at the moment, as the EU already has its own support plan, the agency’s interlocutors noted.
The plan is expected to be officially approved at the G20 finance ministers’ conference in Brazil in July.
As part of sanctions against Russia for its aggression against Ukraine, about 260 billion euros of Russian assets have been frozen around the world, of which approximately 210 billion euros are in the EU. These funds bring in 2.5 to 3.5 billion euros of profit per year, which, according to Brussels, does not legally belong to Russia.
At a June summit, G7 leaders agreed to find a way to pay Ukraine a $50 billion loan that will be repaid with funds the EU receives from interest on frozen Russian assets.
