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Japan to provide Ukraine with over $3bn in G7 loan from Russia's frozen assets
Japan will provide Ukraine with over $3 billion as part of a $50 billion loan from the G7 countries, which will be repaid from the frozen assets of the Russian central bank
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Nikkei reports.
Ukraine will receive 471.9 billion yen ($3.09 billion) from the Japan International Cooperation Agency (JICA) through the World Bank fund out of a total $50 billion loan from the G7.
"Japan will make its contribution while controlling the use of these funds to avoid the use of funds for military purposes," the statement says.
- On October 26, the G7 countries agreed to provide Ukraine with a $50 billion loan: it will be funded by the proceeds of the frozen assets of the Russian central bank.
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