TOKYO: Japan is making the final arrangement to loan $3.3 billion to Ukraine using interest from frozen Russian assets, about 6% of the Group of Seven’s (G7) total $50 billion package, the Kyodo news agency reported on Wednesday citing diplomatic sources.

The breakdown of the loan package, where the United States and European Union each lend $20 billion and Japan, Britain, and Canada lend a combined $10 billon, is set to be approved at a G7 meeting on the sidelines of a G20 finance leaders’ meeting in Brazil later this month, Kyodo said.

Reuters