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Japan to reportedly cover $3.3 billion of G7 loan to Ukraine.
The G7 members have been coordinating how to disburse the aid after their leaders agreed during their summit in Italy in June to provide $50 billion in total to support Ukraine.
The United States and the European Union are each expected to shoulder $20 billion, while Japan, Britain and Canada are set to share the remaining $10 billion, the sources said. Ottawa previously said it is ready to shoulder $5 billion of the loan. The G7 is aiming to begin the project by the end of this year.
The loan deal was struck amid concern over “Ukraine fatigue,” with doubts persisting about how long the United States and other like-minded partners can stand together in supplying Kyiv with weapons and helping it rebuild destroyed infrastructure.
The G7 leaders said in their communique released after their summit in Italy that they intend to allocate the funds to Ukraine “within the constraints of our respective legal systems and administrative requirements.”