Japan could provide $1.5 bln aid to Ukraine when country agree reform package with IMF

11:17, 25.03.2014 1 min read

Japan will offer $1.5 billion of economic aid to Ukraine, Chief Cabinet Secretary Yoshihide Suga reported on Tuesday, March 25.

"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.

He said that "the prime minister announced that Japan will provide economic assistance of up to 150 billion yen [$1.5 billion] on condition that the Ukraine government will reach an agreement with the [International Monetary Fund, IMF] on economic reforms."

"Of the sum, 110 billion yen will be (low-interest) yen loans," he said.