Ukraine Received 3 Billion Dollars from Japan Under the G7 Mechanism
The Minister of Finance of Ukraine, Serhiy Marchenko, and the Ambassador of Japan to Ukraine, Masashi Nakagome, signed a document confirming the provision of a loan to Ukraine amounting to approximately 3 billion dollars under the G7 mechanism. This occurred on April 18, when an agreement was reached in the form of a note exchange, as reported by the Ministry of Finance of Ukraine.
This is reported by AgroReview
According to official sources, the funds are provided under the program Extraordinary Revenue Acceleration for Ukraine (ERA) of the G7 countries and amount to around 50 billion dollars or approximately 471.9 billion Japanese yen. These financial resources are aimed at supporting Ukraine’s budget and its recovery in the challenging conditions of the war initiated by the Russian Federation.
Conditions and Objectives of Financial Support
As stated in the announcement, the funds received will be serviced and repaid from future revenues generated from confiscated Russian assets. The loan term is 30 years. The financing will be used to cover priority budget needs as well as to facilitate the reconstruction and development of Ukraine.
The Minister of Finance of Ukraine emphasized: “The signing of this agreement will not only help meet the urgent needs of the national budget but will also serve as further confirmation of Japan’s sincere commitment to shared values and partnership.”
According to the Ministry of Finance, over the past three years, Japan has provided Ukraine with more than 8.5 billion dollars in financial assistance, which has been critically important for stabilizing the country’s economy and finances.
The Ministry of Foreign Affairs of Japan confirmed the signing of the agreement and the exchange of notes, emphasizing that Tokyo will continue to support Ukraine and its people during this difficult period.
The ERA mechanism provides for the allocation of approximately 50 billion dollars to Ukraine in the form of loans and financial support, secured by revenues from frozen Russian assets. This will enable Ukraine to cover budgetary needs, strengthen the defense sector, and restore damaged infrastructure.