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Reuters

Politics

Japan to double fiscal support for Ukraine to $600 million, PM says

Japan Fumio Kishida Ukraine World Bank Russia

FILE PHOTO: Japanese Prime Minister Fumio Kishida announces a joint statement with European Commission President Ursula von der Leyen and European Council President Charles Michel at the prime minister's official residence, in Tokyo, Japan May 12, 2022. Yoshikazu Tsuno/Pool via REUTERS/File Photo

Japan will double fiscal aid for Ukraine to $600 million in a coordinated move with the World Bank to back the country's near-term fiscal necessities damaged by Russia's invasion, Prime Minister Fumio Kishida told reporters on Thursday.

Japan, a member of the Group of Seven industrialised nations, had previously announced $300 million in loans to Ukraine in April.

(Reporting by Kantaro Komiya; Editing by Jacqueline Wong)

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