Japan to provide Ukraine with $3 billion secured by frozen Russian assets
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Wed, 25 Dec 2024 20:12:00 +0200
Japan to provide Ukraine with 3 billion from frozen Russian assetsThe president announced this in a telegram.
I am grateful for the decision of the Japanese government to transfer another 3 billion to Ukraine, secured by frozen Russian assets, and for additional assistance for energy equipment and the construction of shelters.
Volodymyr Zelenskyy President of Ukraine Zelensky congratulated Shigeru Ishiba on his election as head of the Japanese government and thanked him for the total assistance to the state totaling 12 billion.
He told Prime Minister Ishibi about Russias massive shelling of Ukraines energy infrastructure on Christmas Eve and thanked Japan for its willingness to work to achieve a just and lasting peace as soon as possible.
At the same time, Zelenskyy and Ishiba agreed to meet to continue the dialogue.Where will the funds received from Japan and Britain be directedThe state budget of Ukraine received a tranche of 1 billion under the World Bank program to support the Growth Platform DPL development policy.As reported by the Prime Minister of Ukraine Denys Shmyhal, the tranche consists of567 million US dollars under guarantees from the Government of Japan within the framework of the ADVANCE Ukraine Trust Fund,483 million US dollars under the guarantee of the UK government.Minister of Finance Serhiy Marchenko noted that these funds will be directed to developing Ukraines economic potential and financing priority social and humanitarian needs of the state budget.The DPL program is aimed at supporting the implementation of reforms in Ukraine.
The tranche was made possible by achieving key indicators in the following areascustoms and tax policy,fight against corruption,support for stateowned enterprises,private sector development,logistics infrastructure.
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