Japan is planning to take on $3.3 billion in loans to Ukraine, part of a support plan by the Group of Seven (G7) members using the interest from frozen Russian assets due to sanctions placed on Tuesday, July 16th..The G7 members are deciding how to distribute the aid after it was agreed at the last summit in June to provide $50 billion in aid to Ukraine..The United States and the European Union will provide $20 billion each, while the United Kingdom, Canada, and Japan will supply the last $10 combined by the end of this year..Financial ministers, joined by central bank chiefs, are also set to meet with their G20 counterparts in Rio de Janeiro..France, Germany, and Italy are unlikely to contribute to the program because the European Union already has one. The deal has also brought up questions about how long the west can continue to supply Ukraine, known as "Ukraine Fatigue."
Japan is planning to take on $3.3 billion in loans to Ukraine, part of a support plan by the Group of Seven (G7) members using the interest from frozen Russian assets due to sanctions placed on Tuesday, July 16th..The G7 members are deciding how to distribute the aid after it was agreed at the last summit in June to provide $50 billion in aid to Ukraine..The United States and the European Union will provide $20 billion each, while the United Kingdom, Canada, and Japan will supply the last $10 combined by the end of this year..Financial ministers, joined by central bank chiefs, are also set to meet with their G20 counterparts in Rio de Janeiro..France, Germany, and Italy are unlikely to contribute to the program because the European Union already has one. The deal has also brought up questions about how long the west can continue to supply Ukraine, known as "Ukraine Fatigue."
