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Japan To Give Ukraine $5.5b

By 02/20/2023 10:02 PMNo CommentsBy YidInfo Staff

Fumio Kishida, the prime minister of Japan, announced a new $5.5 billion financial aid package for Ukraine on Monday.

He will also hold an online summit of the Group of Seven with Ukrainian President Volodymyr Zelenskyy to commemorate the war’s first anniversary.

Speaking at a global symposium in Tokyo organized by a Japanese think tank, Kishida claimed that Ukraine was still suffering from the Russian invasion and that its people needed assistance to reconstruct their infrastructure and daily life, both of which had been severely harmed by Russian strikes.

As the G-7’s president for the current year, Kishida announced that Zelenskyy would join him on Friday for an online summit to commemorate the first anniversary of the Russian invasion. Kishida will be hosting a G-7 summit for the first time.

Japan has joined the United States and European nations in imposing sanctions on Russia for its aggression and supporting Ukraine financially and humanitarian.

Japan reacted quickly because it is concerned about the future effects of the conflict in East Asia, where China’s military has been more muscular and has raised tensions surrounding Taiwan, which Beijing claims as its territory.

In his address, Kishida confessed that his “great worry that Ukraine may be tomorrow’s East Asia” was why he took such urgent action.

As the post-Cold War era ended, he claimed that Russia’s incursion posed a risk to the entire rules-based international order. “That’s why I decided to retaliate against (Russia) with sanctions.”

More than 70 billion yen ($520 million) in loans from Japan have been given to Ukraine as emergency economic aid.

Also, the nation has taken in more than 2,000 displaced Ukrainians, providing them with housing, employment, and educational assistance.



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