$12 BLN, reconstruction, technology: Japan announces new aid to Ukraine

February 20,2024 505
$12 BLN, reconstruction, technology: Japan announces new aid to Ukraine

A Japanese-Ukrainian conference on economic development and reconstruction took place in Tokyo, as reported by Suspilne. The event aimed to facilitate dialogue between government officials and business sectors of the two countries, as well as to explore the potential of public-private cooperation for the economic reconstruction of Ukraine, added the Japanese Ministry of Foreign Affairs.

Among the participants were Ukrainian Prime Minister Denys Shmyhal, Japanese Prime Minister Fumio Kishida, and over 100 Japanese and Ukrainian companies in agriculture, information technology, and energy.

Japan pledged to support mine-clearance efforts in Ukraine and improve the humanitarian situation. They also committed to work on restoring energy and transportation infrastructure and assisting Kyiv in the fight against corruption. Additionally, Japanese partners will promote the development of local agriculture and new forms of production, including biotechnology and IT, as reported by NHK.

Following the conference, Japan and Ukraine signed 56 documents on cooperation and reconstruction at the governmental and private sector levels.

Tokyo plans to provide Ukraine with advanced technologies in telemedicine, smart agriculture, and modern technologies related to producing and using renewable energy sources, including biofuels.

Japan will also provide over $12 billion in assistance to Ukraine, according to Denys Shmyhal after the meeting with his Japanese counterpart. “Japan will provide Ukraine with assistance amounting to $12.1 billion, including announced and implemented amounts. This includes a grant of $4.7 billion, which we will receive by the end of this month. Prime Minister Fumio Kishida stated that Japan’s position in supporting Ukraine remains unwavering,” Shmyhal explained.

According to data by the Kiel Institute for the World Economy, Japan is among the leaders in providing financial assistance to Ukraine. 

Photo: Ukraine’s government