Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
DPRK strongly condemnded the US strikes on Iran
Iran: Fars News Agency: A woman and her 6-year-old son were killed in an Israeli drone attack on Kermanshah Province
Iran: IRNA: Attack Wave 21 was not carried out, and the operation carried out minutes ago was from Yemen against targets in the occupied territories
Sirens are sounding in Tel Aviv and surrounding areas
Israeli military command: We identified missiles launched from Iran
Tunis: The legitimacy created by World War II is crumbling and the future belongs to free peoples of the world
Tunis: We emphasize that the aggression against Iran should not obscure other ongoing crimes, the first of which is the war of extermination against the Palestinian people
Tunis: International legitimacy does not permit or justify aggression against Iran under any cover or title
Tunisia: Foreign Ministry: We call for an end to the aggression against our sister country, Iran, and we do not limit ourselves to condemning the Zionist and American attacks
Iran: Nur News: An Israeli aerial assault is targeting the region of Parchin, east Tehran

Japan to ink range of agreements with Kiev, deepens involvement in war

  • By Al Mayadeen English
  • Source: Agencies
  • 8 Jun 2024 12:26
3 Min Read

The NHK news broadcaster says that the two countries will sign bilateral agreements across several fields including intelligence collaboration.

Listen
  • x
  • Japan to ink range of agreements with Kiev, deepens involvement in war
    Prime Minister Fumio Kishida shakes hands with Ukraine Prime Minister Denys Shmyhal in Tokyo, Japan on February 19 (Japan MOFA)

Japan and Ukraine plan to sign a 10-year bilateral agreement at the upcoming G7 summit, NHK reported on Saturday citing sources, as Tokyo continues to expand its involvement in the war with Russia, already providing $7.6 billion in aid to Kiev.

This move comes as part of the Asian country's ongoing support to Ukraine in security, energy, and humanitarian assistance, the Japanese broadcaster added.

Read more: G7 to keep Russian assets frozen until reparation to Ukraine paid

The agreement will include non-lethal equipment and supplies, medical care for injured soldiers, intelligence collaboration, landmine clearance, and agricultural development.

The group's meeting is set to take place between June 13-15 in Italy's Apulia.
 
In the upcoming summit, US President Joe Biden seeks to convince the bloc's leaders to support a scheme that could generate up to $50 billion in loans for Ukraine to finance its war efforts by seizing interests out of Russia's sovereign frozen assets in the West - which amount to around $280 billion, most of which trapped in European financial institutions.

Unforeseen risk to global financial system

Related News

Japan cancels US security talks over defense spending demands

Japan, China trade blame over near-miss incident amid PLA drills

However, before they agree to the plan, many details need to be finalized, a source familiar with Biden's proposal told VOA earlier. If approved, the seized capital could be funneled to Kiev within the next few months.

The G7 finance ministers said after a meeting in May that "progress" has been made to determine how to use frozen Russian funds to aid Ukraine, as the process has been postponed for over a year over complex legal hurdles.

No concrete plan was established, but the ministers agreed to support the measure in principle, claiming that it would be "consistent with international law and our respective legal systems."

“They talked through a number of options that will allow us to make sure that Ukraine has access to the money you need to not only invest in the economy but to invest in defense,” US Treasury Deputy Secretary Wally Adeyemo told VOA. “And my expectation is that as we get to the leaders meeting, those leaders are going to endorse some of those options.”

Kristine Berzina, managing director of Geostrategy North at the German Marshall Fund, stated that although there is a general consensus to support Kiev as much and as soon as possible, giving out loans based on anticipated returns from frozen assets poses complex legal and regulatory challenges.

“How do you lend against the anticipated profits of the assets, how does that fit into the existing sanctions regime, and how long will those assets truly be frozen?” she told VOA. “How can you guarantee that the sanctions which freeze these assets do not get changed by the Europeans before that 50 billion is provided?”

The International Monetary Fund IMF cautioned as well that Western plans to seize frozen Russian assets could pose a threat to the global monetary system and entail unforeseen risks.

"From our perspective, it is important that any actions have sufficient legal underpinnings to avoid potential risks, and these include risks of litigation, risks of countermeasures, and risks to the international monetary system," IMF spokesperson Julie Kozack told reporters.

  • Japan
  • G7
  • Russia
  • war in Ukraine
  • Ukraine
  • G7 Summit

Most Read

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Secretary of Iran's Supreme National Security Council Ali Shamkhani, speaks with then-Syrian Prime Minister Imad Khamis in a meeting in Tehran, Iran, Tuesday, January 17, 2017 (AP)
Politics

Iran holds the initiative after nuclear strikes, Shamkhani says

Blood stains a religious painting inside Mar Elias Church, where a suicide bomber detonated himself in al-Dwela, on the outskirts of Damascus, Syria, on Sunday, June 22, 2025 (AP)
Politics

UN, regional governments condemn Damascus church bombing

A B-2 bomber arrives at Whiteman Air Force Base Missouri, Sunday, June 22, 2025, after returning from a massive strike on Iranian nuclear sites on Saturday (AP)
Politics

Israeli media: US-Israeli strike on Iran failed to end war

China UN Ambassador Fu Cong addresses the United Nations Security Council, Monday, March 24, 2025. (AP Photo/Richard Drew)
Politics

China slam US strikes on Iran nuclear sites

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS