Japan to transfer billions of frozen Russian money to Ukraine – media    ...News

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Japan to transfer billions of frozen Russian money to Ukraine – media   
source : Russia Today ( News ) () 50
Russian authorities consider the immobilization of the country’s sovereign funds to be illegal  Tokyo will shoulder 520 billion yen ($3.3 billion) in loans to Kiev funded by proceeds from Russian assets blocked as part of Western sanctions, the Kyodo news agency reported on Wednesday citing diplomatic sources. The figure represents some 6% of the massive loan agreed by the Group of Seven natons during their summit in Italy in June. G7 leaders reached an agreement on using interest from frozen Russian funds to finance a $50 billion loan to help Kiev buy weapons and rebuild damaged infrastructure. Kyodo cited diplom

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