Japan says it will double financial support to Ukraine to 600 million dollars

Japanese Prime Minister Fumio Kishida told reporters on Thursday that his country will double its financial aid to Ukraine to $600 million in a coordinated move with the World Bank to support the near-term financial necessities of the Russian-invaded country.

“Our country stands by Ukraine,” Kishida said, adding that Japan will reiterate its basic position of providing strong support to Ukraine with other countries at next week’s US-Japan summit and the broader four-way meeting with Australia and India.

Japan, a member of the Group of Seven industrialized nations, had earlier announced $300 million in loans to Ukraine.

Japan also joined allies and other G7 members in imposing sanctions on Russia over what Moscow describes as a special military operation in Ukraine, freezing assets as well as banning some exports and imports, including energy resources.