BR100 Decreased By (-0.4%)
BR30 Decreased By (-0.65%)
KSE100 Decreased By (-0.29%)
KSE30 Decreased By (-0.22%)
AGHA 6.58 Decreased By ▼ -0.09 (-1.35%)
BECO 4.38 Increased By ▲ 0.03 (0.69%)
BML 55.53 Decreased By ▼ -0.64 (-1.14%)
BOP 29.93 Decreased By ▼ -0.19 (-0.63%)
CNERGY 12.72 Decreased By ▼ -0.26 (-2%)
CSIL 5.20 Decreased By ▼ -0.11 (-2.07%)
FCCL 51.13 Decreased By ▼ -0.52 (-1.01%)
FFL 14.41 Decreased By ▼ -0.08 (-0.55%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 5.97 Decreased By ▼ -0.09 (-1.49%)
KOSM 5.57 Decreased By ▼ -0.27 (-4.62%)
LOTCHEM 26.25 Increased By ▲ 0.08 (0.31%)
MLCF 90.14 Decreased By ▼ -1.09 (-1.19%)
NBP 162.11 Decreased By ▼ -2.08 (-1.27%)
NCPL 52.62 Decreased By ▼ -0.56 (-1.05%)
NPL 57.98 Decreased By ▼ -1.14 (-1.93%)
OGDC 314.62 Increased By ▲ 1.23 (0.39%)
PACE 9.70 Decreased By ▼ -0.07 (-0.72%)
PAEL 34.77 Decreased By ▼ -0.47 (-1.33%)
PIBTL 14.20 Decreased By ▼ -0.51 (-3.47%)
PPL 220.66 Decreased By ▼ -0.70 (-0.32%)
PRL 90.35 Decreased By ▼ -0.87 (-0.95%)
PTC 58.87 Decreased By ▼ -0.32 (-0.54%)
SSGC 23.27 Decreased By ▼ -0.03 (-0.13%)
TBL 8.67 Decreased By ▼ -0.08 (-0.91%)
TELE 7.36 Decreased By ▼ -0.25 (-3.29%)
TPL 21.02 Decreased By ▼ -1.01 (-4.58%)
TPLP 12.10 Decreased By ▼ -0.46 (-3.66%)
TREET 21.36 Decreased By ▼ -0.37 (-1.7%)
TRG 54.39 Decreased By ▼ -1.40 (-2.51%)
World

Japanese billionaire Mikitani donates $8.7mn to Ukraine

Published Updated
By

TOKYO: Japanese billionaire Hiroshi "Mickey" Mikitani said Sunday he will donate $8.7 million to the government of Ukraine, calling Russia's invasion "a challenge to democracy".

The founder of e-commerce giant Rakuten said in a letter addressed to Ukraine's President Volodymyr Zelensky that the donation of 1 billion yen ($8.7 million) will go toward "humanitarian activities to help people in Ukraine who are victims of the violence".

Mikitani said he visited Kyiv in 2019 and met with Zelensky.

"My thoughts are with you and Ukraine people," Mikitani said in his letter.

SWIFT, the global finance arm that the West can twist

"I believe that the trampling of a peaceful and democratic Ukraine by unjustified force is a challenge to democracy.

"I sincerely hope that Russia and Ukraine can resolve this issue peacefully and that Ukraine people can have peace again as soon as possible," he wrote.

Russia's invasion has prompted broad financial sanctions from major democracies while individuals and organisations across the world have solicited donations to help Ukraine.

The Japanese government has also announced sanctions on Moscow including freezing assets and banning key exports such as semiconductors to organisations related to the Russian military.

Comments

Comments are closed for this article.