12:42 06.06.2015

Japan will give Ukraine $1.5 bln loan guarantees for country's financial stability – Poroshenko

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Japan will give Ukraine $1.5 bln loan guarantees for country's financial stability – Poroshenko

Ukrainian President Petro Poroshenko has thanked Japanese Prime Minister Shinzo Abe for the extension of $1.5 billion in loan guarantees to Ukraine.

"I am grateful to Japan for extending loan guarantees amounting to $1.5 billion, which should enable us to ensure Ukraine's financial stability," Poroshenko said following negotiations with the Japanese prime minister on Saturday.

As reported, in May, Deputy Head of the Presidential Administration of Ukraine Valeriy Chaly has met with Deputy Minister of Foreign Affairs of Japan Yasumasa Nagamine and discussed the provision of financial assistance to Ukraine.

"Chaly thanked the Japanese side for their large-scale financial assistance to Ukraine, in particular, the issue of $1.5 billion in credit assistance for implementing a number of projects in support of development. The official also welcomed Japan's decision to provide Ukraine with an extra aid of $316.6 million to stabilize the national economy and support reforms," the presidential website reported.

Moreover, Japan also decided to allocate $16.6 million for implementation of the projects on restoration of social-economic infrastructure of damaged Donetsk and Luhansk regions.

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