Japan to provide Ukraine with $1.5 bln in loan guarantees - Poroshenko
KYIV. June 6 (Interfax) - Ukrainian President Petro Poroshenko has thanked Japanese Prime Minister Shinzo Abe for the extension of $1.5 billion in loan guarantees to Ukraine.
"I am grateful to Japan for extending loan guarantees amounting to $1.5 billion, which should enable us to ensure Ukraine's financial stability," Poroshenko said following negotiations with the Japanese prime minister on Saturday.
Ukrainian deputy presidential chief of staff Valery Chaly had met with Japanese Deputy Foreign Minister Yasumasa Nagamine in May to discuss the provision of financial aid to Ukraine.
"Valery Chaly thanked the Japanese side for large-scale financial assistance for Ukraine, in particular, the issuance of $1.5-billion worth of loan assistance for the implementation of a number of development support projects. The Ukrainian deputy presidential chief of staff also positively took the Japanese government's decision on extending additional aid to Ukraine in an amount of $316.6 million for national economy stabilization and support of reforms," the Ukrainian presidential press service reported at the time.
Japan had decided to allocate $16.6 million for the restoration of the socioeconomic infrastructure in a number of districts in the Donetsk and Luhansk regions affected by the hostilities.