Moscow calls Japanese loan to Ukraine backed by frozen Russian assets 'theft'

MOSCOW (Reuters) -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.