Japan will help Ukraine restore its economy
Publication date

Japan will help Ukraine restore its economy

Denis Shmyhal

Japan will allocate 160 million euros to support Ukraine's economic recovery projects.

What is known about aid from Japan

The projects were discussed at a meeting with the State Minister of Foreign Affairs of Japan, Kiyoto Tsuji, the State Minister of Economy, Trade and Industry, Kazuchika Iwata and representatives of Japanese business.

He announced our priorities for rapid recovery: energy, housing, critical infrastructure, humanitarian demining and business support. I am grateful to the Japanese delegation for today's mission, which will contribute to the further involvement of Japanese companies in reconstruction, Prime Minister Shmyhal said.

According to him, Ukraine is interested in creating joint ventures, especially in the processing industry.

He emphasized that Ukraine is interested in creating joint ventures, especially in the processing industry and cooperation in agro-industrial complex, metalworking, mechanical engineering, critical raw materials and IT.

According to him, the state ministers assured him that Japan's position on supporting Ukraine would remain unchanged.

Japanese delegation in Kyiv

A Japanese delegation led by senior industry and foreign ministry officials, including business representatives, is in Ukraine on November 20 for talks ahead of a recovery conference to be held by Japan.

Japan, which has been supporting Ukraine financially and accepting refugees since the Russian invasion in February 2022, is also helping to support Ukraine at the level of the G7, which Japan is leading this year.

President of Ukraine Volodymyr Zelenskyi, who visited Japan in May during the G7 summit, and Prime Minister Fumio Kishida agreed this month to hold a Japan-Ukraine conference on promoting economic reconstruction in Tokyo on February 19.

The Japanese government plans to allocate $3.5 billion in direct budget support to Ukraine in 2023. The money will be used for social and humanitarian expenses.

Earlier, the government directed 21.8 billion hryvnias of grants from Japan to rebuild Ukraine.

By staying online, you consent to the use of cookies files, which help us make your stay here even better 

Based on your browser and language settings, you might prefer the English version of our website. Would you like to switch?