The Japanese government will provide Ukraine with a loan of 471.9 billion yen ($3.08 billion at the current exchange rate) under the G7’s Emergency Revenue Assistance (ERA) initiative, Kyodo news reported on Monday.
It is noted that as of October 28, the G7 countries reached a final agreement to start providing assistance to Ukraine in the amount of about $50 billion and to distribute these funds, in particular, the EU will provide a loan of EUR 18.115 billion.
It is specified that each G7 country will conclude an individual loan agreement with Ukraine, distributing loans in installments from December 1, 2024, to the end of 2027. The loans will be repaid from the proceeds of Russia’s frozen assets, and Ukraine will not actually pay them back.
As reported, on October 25, the G7 in Washington announced that it had reached a consensus on a collective loan of $50 billion to Ukraine. Earlier, the United States said it would provide $20 billion under the ERA. Then, the EU confirmed plans to provide Ukraine with about EUR18 billion in 2025 in the form of new macro-financial assistance, the terms of which are tied to the Ukraine Facility.
On October 22, the UK also announced that it was providing Ukraine with a GBP2.26 billion (almost $3 billion at current exchange rates) military loan to purchase the necessary military equipment under the ERA.
Back in June, immediately after the G7’s decision on the ERA initiative, Canada announced the allocation of CAD5 billion ($3.6 billion at the current exchange rate) under the initiative.
The European Commission recalled that the consensus among G7 members was facilitated by the creation of a special Ukraine Loan Cooperation Mechanism (ULCM) by the EU, which will receive extraordinary revenues from frozen Russian sovereign assets and other voluntary contributions made by member states or third countries. These resources will then be used to repay the principal and interest under Ukraine’s relevant bilateral loan agreements with creditors.
The IMF, in its updated EFF program following the fifth review, noted that if the war ends at the end of 2025, Ukraine will need $33.1 billion of the $50 billion to support its budget: $19.1 billion next year, $9.2 billion in 2026, and $4.9 billion in 2027.
In a negative scenario, if the war continues until mid-2026, Ukraine’s budget will need all $50 billion to cover the deficit.
Japan has handed over new trucks to Kherson’s utility companies, said Roman Mrochko, head of the city’s military administration. “We received the new Japanese equipment under the Grant Agreement for the Emergency Recovery Program between the Japan International Cooperation Agency (JICA) and the government of Ukraine,” Mrochko said in a telegram on Saturday.
He noted that Kherson really needs such equipment and thanked international partners for their help.
Japan plans to provide Ukraine with $3.3bn in support loans using interest from frozen Russian assets, Kyodo has quoted diplomatic sources as saying.
According to the sources, during the summit, G7 members agreed to allocate a total of $50 billion to support Ukraine.
The US and the EU are expected to allocate $20 billion each, while Japan, Britain and Canada will “share” the remaining $10 billion.
The G7 plans to start implementing the project by the end of this year.
The Government of Japan has handed over two Nikken mechanized demining vehicles to the State Emergency Service (SES), which will be sent to Zaporizhzhia and Donetsk regions on July 9, the press service of the Ministry of Internal Affairs reported.
“We would like to thank the government and the Embassy of Japan, as well as the JICA international cooperation agency, for their help and joint resilience in difficult times for Ukraine,” Interior Minister Ihor Klymenko was quoted as saying in a statement on the press service’s Telegram channel on Tuesday:
For his part, Japanese Ambassador to Ukraine Matsuda Kuninori expressed his admiration for the pyrotechnics and sappers who are tirelessly clearing Ukrainian soil of explosive devices.
“The transferred vehicles will be sent to Zaporizhzhia and Donetsk regions today to perform the necessary tasks,” the statement said.
Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The research was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:
The results of the survey are as follows:
Completely positive – 36.6
Mostly positive – 37.8
Mostly negative – 3.8
Completely negative – 2.9 %.
Difficult to answer – 18.9%.
Positive – Negative – 67.7
Japan recognized Ukraine’s independence on December 28, 1991, and established diplomatic relations with Ukraine on January 26, 1992. On January 20, 1993, the Japanese Embassy was opened in Ukraine.
The joint research by Active Group and Experts Club on the attitudes of Ukrainians towards the countries of East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at
https://expertsclub.eu/cpilne-doslidzhennya-kompaniyi-active-group-ta-experts-club-shhodo-stavlennya-ukrayincziv-do-krayin-shidnoyi-aziyi-ta-blyzkogo-shodu/
At the request of the Ukrainian government, Japan has provided Ukraine with a series of vehicles, the Japanese Embassy reports.
“At the request of the Ukrainian government, the Ministry of Defense of Japan and the Japan Self-Defense Forces provided Ukraine with a series of vehicles under a decision made in May 2023. The batch of 101 vehicles arrived in Poland on June 5 and was then handed over to Ukraine,” the X social media post reads.
The embassy emphasized that Japan would continue to support Ukraine.
In turn, the Ministry of Defense in X expressed gratitude to Japan for its support and informed that the aid includes Toyota HMV and Mitsubishi Type 73 Kogata SUVs, as well as PC-065B tracked engineering vehicles.
