Putin risks losing initiative with Istanbul visit
Ukraine signs agreement with Japan to get $3 billion of Russia's frozen assets
The Ukrainian government has approved an agreement with Japan, which will allow Ukraine to receive about $3 billion under the ERA initiative from frozen Russian assets
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This was reported by Ukraine’s Prime Minister Denys Shmyhal.
According to the report, these funds will be secured by income from Russia’s frozen assets and will be directed toward priority budget expenditures, as well as Ukraine’s reconstruction and development.
Overall, within this mechanism, Ukraine will raise $50 billion.
“We thank our partners in the G7 and the EU for creating this instrument, which forces Russia to pay for the damages it has caused. We expect that all frozen assets of the aggressor will be confiscated and directed toward rebuilding Ukraine,” added the Ukrainian Prime Minister.
In February, Shmyhal emphasized that Ukraine is already receiving funds from partners, secured by Russia’s frozen assets.
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