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Japan pledges up to 150 bil. yen in aid to Ukraine
26 March 2014 02:36

Japan's Prime Minister Shinzo Abe pledged in The Hague the country would provide an aid package worth up to 150 billion yen (about $1.5 billion) to help Ukraine out of its economic quagmire

Abe told reporters he revealed the plan to other leaders of Group of Seven major nations in a summit which convened in

The aid package, both in grants and yen loans, will cover projects such as support for economic reforms in Ukraine and improving sanitary and accommodation conditions in Kiev, according to Japanese government officials.

The aid will also help the Ukrainian government buy medical equipment, the officials said.

The Japanese aid proposal for Ukraine was welcomed by other G-7 leaders in the summit, Abe said.

Japanese Prime Minister Shinzo Abe has stressed that his country will do its utmost to help find a peaceful solution for the situation in Ukraine.
Abe told reporters in the Netherlands on Tuesday that changing the status quo by force must not be tolerated.
He said Russia's annexation of Crimea violates international law and it is an issue that affects Asia.

Japan seeks peaceful and diplomatic solutions to the Ukraine crisis in coordination with its Group of 7 partners while exchanging views with Russia.
Abe also said it was timely and meaningful that the Group of 7 leaders reaffirmed the need to abide by the rule of law and sent a message to the world.
He added that principles should not be distorted and world leaders have to resolve the Crimea issue through peaceful and diplomatic means.
He warned that the world should not go back to the Cold War era and the door for dialogue should remain open.

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