Japan will provide $3 billion as part of the G7 agreement

Japan has agreed to allocate to Ukraine its share of 471.9 billion yen (more than $3 billion) of the $50 billion G7 loan secured by frozen russian assets.

It is noted that the loan will be provided by the Japan International Cooperation Agency (JICA) through the World Bank Fund.

Japan makes its contribution on the condition that these funds will not be used for military purposes.

Out of the approximately $50 billion, the EU will contribute €18.115 billion, the US $20 billion, Canada C$5 billion (approximately $3.6 billion), and the UK £2.258 billion (approximately $2.2 billion). All loans will be denominated in their respective currencies.

It is reported that the disbursement of the loans will begin in December and will be completed no later than December 2027. The repayment period will be at least 30 years. Any investment income from frozen russian assets in excess of principal and interest will be used for early repayment.

Source: Nikkei