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Japan to provide $ 4.5 billion to Ukraine

The financial support also includes $1 bn for Ukriane’s humanitarian and reconstruction assistance.
Japanese Prime Minister Fumio Kishida at a virtual conference of the G7 summit on 6 December 2023. Credit: the Cabinet Office of Japanese Public Affairs

Japan will pledge $4.5 billion in total support to Ukraine, the Ministry of Foreign Affairs of Japan reported on 7 December.

During a virtual G7 meeting on 6 December, Japanese Prime Minister Fumio Kishida said that “even as the situation in the Middle East grows increasingly tense, the G7 countries remain united in responding to Russia’s invasion of Ukraine.”.

As a result of the meeting, Japan will contribute a total of $4.5 billion to Ukraine, including increased loan guarantees to World Bank lending. In addition, Japan has decided to provide $1 billion in humanitarian assistance and support for Ukraine’s recovery.

Mentioning the importance of medium- to long-term assistance for Ukraine’s reconstruction, Kishida said that Japan will co-host the Japan-Ukraine Conference on supporting recovery and reconstruction with public and private sector involvement in February 2024.

After an introductory speech by Ukraine’s President Volodymyr Zelenskyy, Prime Minister Kishida said that the G7 remains committed to uniting and resolutely advancing sanctions against Russia and support for Ukraine to achieve peace.

The Japanese leader also updated his G7 counterparts on Tokyo’s latest sanctions against Russia, including plans to list Russian individuals, groups and third-country entities suspected of helping circumvent sanctions before 2024.

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