The Cabinet of Ministers of Ukraine has decided to attract almost USD 3 billion from Japan. The funds will be provided at the expense of proceeds from frozen Russian assets, Prime Minister Denys Shmyhal said during a government meeting.
“Today we are making a decision to raise funds from Japan. This is almost $3 billion secured by the proceeds of Russian frozen assets to finance Ukraine’s priority budget expenditures,” Shmyhal said.
IMF assistance: another $500 million in the near future
The Prime Minister also said that Ukraine had reached an agreement at the staff level on the eighth revision of the cooperation programme with the International Monetary Fund.
“After the decision is approved by the Executive Board of the Fund, we expect a new tranche of about $500 million,” the Prime Minister added.
