Japan will provide an additional $300 million in financial assistance to Ukraine. The country wants to help Ukrainians overcome the economic crisis caused by russia's full-scale invasion.
This statement of the Prime Minister of Japan, Fumio Kishida, was quoted by Kyodo.
«We have received calls for short-term funds support from the Ukrainian side with the fiscal situation deteriorating due to russia’s invasion», the Head of the Japanese government said.
He added that as a member of the Group of Seven and a member of the international community, Japan should respond to such needs.
In April, Kishida announced that Japan would increase yen loans to Ukraine to $300 million. His promise of new financial aid will raise the total to $600 million.
Of the initial 300 million, Japan signed a loan agreement with Ukraine for 13 billion yen ($100 million) on Monday.
Kishida added that he intends to underscore Japan's plan for further help to Ukraine when he meets with US President Joe Biden and when he holds a Quad summit also including Australia and India the following day.
Government officials say on condition of anonymity that Japan is seeking to demonstrate a strong anti-russian stance through meetings, as there are fears that China will ignore international law and the possibility of war in Asia.
Today and tomorrow, the financial leaders of the G7 countries, which, in addition to Japan, also include the United Kingdom, Canada, the United States, France, Germany and Italy, will hold talks on further support for Ukraine. They will focus on financing budgetary expenditures on salaries.