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Ukraine crisis: Japan to offer $1.9 billion aid to Kiev

Published on Mar 25, 2014 12:37 PM
 

TOKYO (AFP) - Japan is to give up to US$1.5 billion (S$1.9 billion) in financial aid to Ukraine, the government in Tokyo confirmed on Tuesday, as the club of rich nations booted Russia off the membership list.

Prime Minister Shinzo Abe announced the figure as he and fellow world leaders, including US President Barack Obama, cancelled an upcoming G8 meeting in Sochi, and said it would be replaced by a G7 event that did not involve Moscow.

Chief Cabinet Secretary Yoshihide Suga told reporters in Tokyo that Kiev needed help at a time of huge strain on the country's finances.

"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," he said.

 
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