Japan to unveil $1.28 billion aid to Ukraine at G-7 summit: NHK
Published on Mar 21, 2014 3:30 PM
TOKYO (AFP) - Japan plans to provide nearly US$1 billion (S$1.28 billion) in financial aid to Ukraine, public broadcaster NHK said on Friday, as relations with Russia cool over the Crimea crisis.
Prime Minister Shinzo Abe is to announce the support when he attends a Group of Seven meeting in the Netherlands on the sidelines of a nuclear-security summit next week, NHK said.
Tokyo's assistance will include loans and other financial support - totalling 100 billion yen - for infrastructure and other public projects in cooperation with the International Monetary Fund, it said.
Mr Abe told Parliament on Wednesday: "It is important to improve Ukraine's economy for the sake of a peaceful resolution of the situation."
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!