Japan to provide Ukraine with US$4.5 billion for recovery

Japanese Prime Minister Fumio Kishida, who holds the G7 presidency this year, has said at the summit that Tokyo is ready to provide about US£4.5 billion to help Ukraine with recovery. Source: Kyodo News Details: In addition, a statement issued following the G7 online summit said the group is "limiting Russia's ability to fund its illegal war by taking steps to limit Russia's energy revenue and its future extractive capabilities."

As part of these steps, the G7 will impose import restrictions on non-commercial diamonds mined, processed or produced in Russia, followed by further phased restrictions on imports of Russian diamonds processed in third countries.

The G7 leaders also continue to support the peacekeeping initiative of Ukrainian President Volodymyr Zelenskyy called the Peace Formula.

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