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Japan will be first to cover military risks in Ukraine investments

byKate Ryabchiy
18/04/2023
1 minute read
Source: ura-inform.com
Japan will be first to cover military risks in Ukraine investments

Japan is the first country to provide $23 million to cover military risks associated with investments in Ukraine, as reported by Ekonomichna Pravda, citing the announcement by Ukraine’s Prime Minister Denys Shmyhal following a government meeting via Telegram.

According to Shmyhal, the Japanese government is contributing to the World Bank-affiliated Multilateral Investment Guarantee Agency (MIGA) fund. This will make it “much easier” for Ukraine to return private foreign investments.

Ukraine’s Prime Minister Denys Smyhal announcement, a translated screenshot/ Source: Telegram, @Denys_Smyhal

Furthermore, on 14 April, the Ukrainian Ministry for the Restoration of Ukraine (the Ministry for Communities, Territories and Infrastructure Development – ed.) and the Japan International Cooperation Agency (JICA) signed a grant agreement worth $400 million. The funds will be used for the reconstruction of the war-damaged critical infrastructure of Ukraine.

Read also:

Japan bans exports of steel and aerial vehicles to Russia

Japan’s PM Kishida visits Bucha: feels “great anger at the atrocity”

Japan to provide USD 5,5 mn assistance to Ukraine – AFP

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