Russia on Thursday accused Japan of treachery and complicity in theft after Tokyo last week signed an agreement to lend Ukraine over $3 billion for reconstruction, backed by the proceeds from frozen Russian assets.
Japan signed an agreement with Ukraine on April 18 for the loan of 471.9 billion yen ($3.3 billion). Under the terms of the arrangement, the loan will be repaid with proceeds from Russian assets worth tens of billions of dollars which have been frozen in the European Union because of the war in Ukraine.
The money is part of the G7's Extraordinary Revenue Acceleration for Ukraine (ERA) programme, which aims to provide Kyiv with $50 billion for reconstruction.
Russian Foreign Ministry spokeswoman Maria Zakharova told reporters at a briefing in Moscow on Thursday that the loan would damage already poor relations between Japan and Russia which are strained by Tokyo's support for Ukraine against what the Japanese Foreign Ministry calls Russian aggression.
Japan signed an agreement with Ukraine on April 18 for the loan of 471.9 billion yen ($3.3 billion). Under the terms of the arrangement, the loan will be repaid with proceeds from Russian assets worth tens of billions of dollars which have been frozen in the European Union because of the war in Ukraine.
The money is part of the G7's Extraordinary Revenue Acceleration for Ukraine (ERA) programme, which aims to provide Kyiv with $50 billion for reconstruction.
Russian Foreign Ministry spokeswoman Maria Zakharova told reporters at a briefing in Moscow on Thursday that the loan would damage already poor relations between Japan and Russia which are strained by Tokyo's support for Ukraine against what the Japanese Foreign Ministry calls Russian aggression.
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