Japan Preparing Economic Aid for Ukraine
Japan is ready to offer Ukraine economic aid worth USD 1.5 B if the country reaches an agreement with the International Monetary Fund (IMF).
"It is extremely important that each country in the international community gives support so that Ukraine, facing a severe economic situation amid political confusion, will be able to restore economic stability”, Japan’s Chief Cabinet Secretary Yoshihide Suga said, quoted by Interfax agency.
Suga revealed that Japan’s Prime Minister Shinzo Abe has announced a USD 1.5 B low-interest loan, should Ukraine reach an agreement with the IMF for economic reforms.
Ukraine’s economy is said to be in a dire state, with interim PM Arseniy Yatsenyuk suggesting that over USD 35 B may be needed to bail out the country.
- » UK Police: 23-Year-Old Man Arrested Over Manchester Attack
- » Manchester Arena explosion: Children Among 22 Killed by Suicide Bomber After Ariana Grande Concert
- » Ariana Grande Concert: Deaths After Reported Blast
- » Erdogan Elected Leader of Turkey's Ruling Party
- » Theresa May: 'No time to Waste' as Brexit Talks Will Start Just 11 Days After the Election'
- » Romania Аpproves Financial Support for Holocaust Survivors