Japan allocates more than 100 million dollars for the post-war reconstruction of Ukraine
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Economics
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Japan allocates more than 100 million dollars for the post-war reconstruction of Ukraine

Japan
Source:  Kyodo News

Japan has pledged 15.8 billion yen ($106 million) in aid to Ukraine to support the country's post-war recovery in seven areas.

What will Japan's aid be used for

Kyodo News sources say the money will go toward infrastructure rehabilitation and demining, agricultural expansion, humanitarian relief, biotechnology and industrial improvement, information technology, and strengthening governance and anti-corruption measures.

The governments of Japan and Ukraine will sign more than 10 memorandums of cooperation at the Japan-Ukraine conference on promoting economic reconstruction, which will take place on February 19 in Tokyo.

Prime Minister of Japan Fumio Kishida, Prime Minister of Ukraine Denys Shmyhal and Masakazu Tokura, Chairman of the Japan Business Federation, will participate in the reconstruction conference along with about 300 other government officials and company representatives.

According to sources, the MoUs to be signed at the meeting will cover healthcare, cyber security and wind farm projects.

Japan’s aid to Ukraine

In January, Japan announced a $37 million contribution to a NATO fund to provide additional support to Ukraine, including a drone detection system.

Japan cannot provide military aid under its pacifist Constitution.

At the end of December, the state budget of Ukraine received about 950 million dollars from Japan as part of the World Bank's reconstruction and social protection projects.

On December 7, 2023, Japanese Prime Minister Fumio Kishida announced his readiness to allocate 4.5 billion dollars for Ukraine to recover from the consequences of Russian aggression.

The World Bank estimates that rebuilding Ukraine will cost $411 billion over the next decade.

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