““Credit service and repayment will be performed at the expense of future income received from immovable Russian assets””, – WRITE: www.radiosvoboda.org
“The document provides to Ukraine with a loan of 471.9 billion Japanese (more than $ 3 billion). The loan will be serviced and repayment at the expense of future income received from immobilized Russian assets, ”the message reads.
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The Ministry of Finance clarifies that the funds are part of the Extraordinary Revenue Acceleration for Ukraine (ERA) of the Seven Group countries, which provides for Ukraine’s receipt of about $ 50 billion.
The funds received from Japan are planned to be used to finance priority expenditures of the State Budget of Ukraine to support the economy and development of Ukraine.
In his comment, Marchenko noted that Japan, since February 2022, has provided Ukraine with more than $ 8.5 billion, of which 955 million – on a non -repayable basis. According to him, the implementation of the ERA mechanism will help to meet budgetary needs in 2025 and in the medium term.
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“At the same time, the Minister of Finance stressed that the ERA mechanism is an intermediate solution. The purpose of Ukraine is to create an international compensation mechanism that will completely confiscate the frozen assets of the Central Bank of Russia and direct them for compensation for the damages caused by aggression of the Russian Federation, ”the agency adds.
The previous tranche agreement Signed in April.
The Extraordinary Revenue Acceleration (ERA) of G7 provides Ukraine with approximately $ 50 billion in the form of loans secured by profit from frozen Russian sovereign assets. These funds are aimed at supporting the budget, military needs and restoration of Ukraine’s infrastructure.
