Japan to allocate $1bn to support Ukraine, related efforts – Reports

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Japanese Finance Minister, Shunichi Suzuki on Thursday said Tokyo would allocate one billion dollars through the Japan Bank for International Cooperation to support Ukraine and related efforts.

The Kyodo news agency reported that the announcement was made at a news conference in the Japanese city of Niigata, where a meeting of the G7 finance ministers and central banker’s governors was taking place from May 11-13.

Suzuki said the meeting was also going to discuss ways to prevent Russia from evading sanctions and “necessary action” designed to undermine Russia’s capability to continue its special military operation in Ukraine.

The amount of Japan’s aid to Ukraine stands at 7.6 billion dollars after Japanese Prime Minister,  Fumio Kishida announced an additional 470 million dollars in assistance during his visit to Ukraine in March.

(Sputnik/NAN)