Allocation of funds to Ukraine from income from Russian assets frozen in the West will allow it to be supported without burdening Japanese citizens. This opinion was expressed by Japanese Foreign Minister Takeshi Iwaya during a regular press conference in Tokyo, speaking about the loan for Kyiv agreed upon by the Group of Seven (G7) countries. “This will allow us to provide support to Ukraine without burdening our people,” he noted, emphasizing, that Tokyo will allocate 471.9 billion yen to Kyiv (about $3 billion at the current exchange rate). The Japanese government has so far provided Ukraine with humanitarian, food, financial and other types of assistance worth more than $7.6 billion. Previously, the G7 leaders adopted a joint statement in which announced that an agreement had been reached on the details of providing Ukraine with a loan in the amount of $50 billion.
It was emphasized that the loans would be serviced from future revenues from Russia's frozen sovereign assets within the legal systems of the G7 countries and international law. At the same time, the United States pledged to allocate $20 billion to Ukraine, and the remaining $30 billion will be allocated through the joint efforts of the G7 and the EU.
It was emphasized that the loans would be serviced from future revenues from Russia's frozen sovereign assets within the legal systems of the G7 countries and international law. At the same time, the United States pledged to allocate $20 billion to Ukraine, and the remaining $30 billion will be allocated through the joint efforts of the G7 and the EU.
Russian Finance Minister Anton Siluanov noted that Russia is ready to use income from the assets of foreign entities as a symmetrical measure in response to the actions of the West. According to him, such decisions are already being implemented. In July, Russian Presidential Press Secretary Dmitry Peskov said that Russia will definitely respond to the theft of its assets in Europe. He stressed that Moscow intends to organize legal prosecution of those involved in this. According to the Kremlin representative, Europe took the worst path, deciding to use Russian assets to help Kyiv.
