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Japan to double fiscal support for Ukraine to $600 mln, PM says

Japanese Prime Minister Fumio Kishida. (AFP)
Japanese Prime Minister Fumio Kishida. (AFP)
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19 May 2022 12:05:19 GMT9
19 May 2022 12:05:19 GMT9

Japan’s Prime Minister Fumio Kishida said Thursday his country will double its financial aid for Ukraine to $600 million in support of the country badly damaged by Russia’s aggression.

Japan will provide the additional $300 million through the World Bank to help Ukraine’s financial difficulties because of the Russian invasion, Kishida said.

The announcement comes just before Japan hosts U.S. President Joe Biden and two other leaders for a regional strategic framework known as the Quad summit and bilateral meetings next week when Kishida is expected to emphasize Japanese support for Ukraine.

Japan has quickly joined the United States and other Group of Seven countries and Europe in their sanctions against Moscow over its war in Ukraine, due to fear that Russia’s move may embolden China in the region.

The new pledge, combined with the $300 million Japan promised last month, brings Tokyo’s total contribution to $600 million.

Reuters

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