Ukraine’s Finance Ministry reported on 18 April that Japan will provide Ukraine with a loan of approximately $3 billion as part of the G7’s ERA mechanism utilizing frozen Russian assets.
The loan will be serviced and repaid using future profits generated from immobilized Russian sovereign assets.
According to the minister, Japan has already provided Ukraine with budget support totaling more than $8.5 billion over the past three years.
Belgian company Euroclear holds approximately €191 billion ($217 bn) belonging to the Russian Central Bank, earning about €4.4 billion ($50 bn) from these assets in 2023, Financial Times reported.
In July 2024, G7 and EU leaders agreed to use interest from frozen Russian assets to allocate $50 billion to Ukraine.
Washington later said it would not unblock Russian assets until Moscow pays full reparations to Kyiv.
In October 2024, G7 leaders approved a $50 billion loan for Ukraine to be repaid using profits from frozen Russian assets. »