Historic Support: Japan Approved Multi-billion Dollar Loan for Ukraine.

The Japanese government has decided to provide Ukraine with a loan of 471.9 billion yen (over 3 billion USD), which is part of the total G7 support package of 50 billion USD.

This is reported by the publication Nikkei.

According to the source, the funds will be channeled through the Japan International Cooperation Agency (JICA) and the World Bank fund.

One of the important conditions for providing assistance is the prohibition of using funds for military purposes.

As part of the overall G7 support package, other participant countries also made significant contributions:

• European Union - 18.115 billion euros
• United States of America - 20 billion USD
• Canada - 5 billion Canadian dollars (about 3.6 billion USD)
• United Kingdom - 2.258 billion pounds sterling (approximately 2.2 billion USD)

Lending will begin in December of this year and will last until December 2027. The loan repayment term is at least 30 years. It is worth noting that all loans will be provided in the national currencies of the creditor countries.

It is also reported that income from frozen Russian assets exceeding the principal amount and interest will be aimed at early loan repayment.

Recall that G7 will provide Ukraine with 50 billion USD: the EU and the USA agreed on their share of the loan.