Ukraine inks USD100M financing deal with Japan

2022-05-17 08:31:44

(MENAFN) Despite the current conflict with Russia, Ukraine has signed a 13 billion yen (USD100 million) financing arrangement with Japan.

Sergii Marchenko, Ukraine's finance minister, and Akihiko Tanaka, leader of the Japan International Cooperation Agency, inked the agreement (JICA).

After Russia began a conflict on its neighbor on February 24, Ukraine and Japan agreed to provide about USD300 million in financial support.

Marchenko claimed in a declaration on Monday that the money " will be directed to the state budget to finance priority expenses."

The declaration added, “the signed agreement refers to the budgetary support for the stabilization of the situation in Ukraine, in particular, the provision of priority social, and humanitarian expenditures, health care, support for internally displaced persons, and other priority expenditures.”

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