The loan will be serviced and repaid at the expense of future income received from frozen sovereign assets of the Russian Federation.
Ukrainian Finance Minister Serhiy Marchenko and Japanese Ambassador to Ukraine Masashi Nakagome signed an agreement in the form of an exchange of notes, which provides for the provision of a loan to our country in the amount of up to 471.9 billion Japanese yen (about $3 billion). This was reported by the Ministry of Finance on Friday, April 18.
It is noted that this money is part of the Extraordinary Revenue Acceleration for Ukraine (ERA) mechanism of the G7 countries. The loan will be serviced and repaid at the expense of future income received from frozen sovereign assets of the Russian Federation.
The financing is provided for 30 years. The funds raised will be used to support priority budgetary needs and to promote the restoration and development of Ukraine.
"Japan is a shining example of international solidarity, having become one of Ukraine's leading partners during our struggle for freedom and dignity. I express my deep gratitude to the government and people of Japan for this critical support and for all the financial assistance we have received since the start of Russia's full-scale invasion," Marchenko said.
He added that over the past three years, Japan has provided budget support to Ukraine in the amount of more than $8.5 billion.
The loan will be serviced and repaid at the expense of future income received from frozen sovereign assets of the Russian Federation.
