{"id":1330355,"date":"2025-12-09T08:12:20","date_gmt":"2025-12-09T06:12:20","guid":{"rendered":"https:\/\/prm.ua\/30-billion-under-lock-and-key-japan-refused-to-help-ukraine-with-russian-assets\/"},"modified":"2025-12-09T08:12:20","modified_gmt":"2025-12-09T06:12:20","slug":"30-billion-under-lock-and-key-japan-refused-to-help-ukraine-with-russian-assets","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/30-billion-under-lock-and-key-japan-refused-to-help-ukraine-with-russian-assets\/","title":{"rendered":"30 billion under lock and key: Japan refused to help Ukraine with Russian assets"},"content":{"rendered":"

Japan refused to join the European Union initiative, which involves using frozen Russian assets to financially support Ukraine.<\/strong><\/p>\n

This is reported by<\/a> Politico.<\/p>\n

During an online meeting of G7 finance ministers held on Monday, Tokyo representatives were skeptical of the EU’s call to use an already developed European scheme that would allow funds from Russian sovereign assets frozen in Belgium’s Euroclear to be directed to aid Kyiv.<\/p>\n

As the publication’s sources among European diplomats note, Japan has made it clear that it is unable to direct about $30 billion of Russian assets under its jurisdiction to lend to Ukraine.<\/p>\n

Meanwhile, the European Commission wants member states to reach an agreement on the use of some \u20ac210 billion of frozen Russian funds by the leaders\u2019 summit on December 18. But the government of Belgium, where much of the assets are concentrated, is concerned that if political or legal conditions change, Brussels will likely have to return the money to Russia.<\/p>\n

Belgium has insisted that other G7 countries outside the EU should join the mechanism so that the financial and political responsibility does not fall solely on it. Prime Minister Bart de Wever emphasizes that broader involvement of partners will reduce the risk of Belgium becoming the target of possible Russian retaliation.<\/p>\n

However, both the US and Japan did not support the Brussels plan, effectively leaving the European Union alone with the issue of covering Ukraine’s significant financial needs.<\/p>\n

Japanese Finance Minister Satsuki Katayama explained that the country cannot dispose of frozen Russian assets due to legal restrictions. And the American side indicated that Washington plans to gradually reduce financial support for Ukraine after the completion of payments on G7 loans, which were agreed upon by the administration of President Joe Biden in 2024.<\/p>\n

As a reminder, the United Kingdom may unblock Russian frozen assets worth 8 billion pounds sterling (over 10.5 billion dollars) in order to transfer them to Ukraine.<\/a><\/p>\n

As reported,the US tried to convince European Union countries not to use frozen Russian assets for a reparations loan to Ukraine.<\/a><\/p>\n

Also follow \u201cPryamim\u201d<\/strong> on Facebook<\/a> , Twitter<\/a> , Telegram<\/a> , and Instagram.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Japan refused to join the European Union initiative, which involves using frozen Russian assets to financially support Ukraine. This is reported by Politico. During an online meeting of G7 finance ministers held on Monday, Tokyo representatives were skeptical of the EU’s call to use an already developed European scheme that would allow funds from Russian […]<\/p>\n","protected":false},"author":59,"featured_media":1237906,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76870,76871,76872,76885,76892],"class_list":["post-1330355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","category-news-2","category-news-feed","category-policy","category-economy"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1330355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1330355"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1330355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1237906"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1330355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1330355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}