The allocation of money through the World Bank fund will be controlled to prevent its use for military purposes.
Japan will allocate more than $3 billion as part of a $50 billion loan from the G7 countries to Ukraine, to be repaid from the fixed assets of the Russian Central Bank. Nikkei reported this in connection with Italy’s presidency of the G7 on Monday, October 28.
“Japan will be responsible for 471.9 billion yen ($3.08 billion) ed.) and will provide funding in the form of a loan from the Japan International Cooperation Agency (JICA) through the World Bank Fund,” the statement said.
It was noted that the allocation of money will be carried out under control to prevent its use for military purposes.
Let’s recall that last week the G7 states agreed on the procedure for providing Ukraine with a $50 billion loan using Russian fixed assets.
It was previously reported that the Joe Biden administration intends to split part of the US debt – $20 billion – between military and financial aid to Ukraine.
In this regard, the Council of the European Union finally approved the allocation of a loan to Ukraine in the amount of up to 35 billion euros through taxes on excess income from frozen Russian assets.
Source: korrespondent
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