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Japan pledges $175 million for Ukraine’s economic recovery

On 20 November, Ukrainian Prime Minister Denys Shmyhal held a meeting with Japanese officials and business representatives in Kyiv to discuss priorities for Ukraine’s reconstruction.
Credit: Ukrainian government’s press service
Japan pledges $175 million for Ukraine’s economic recovery

Japan will provide 160 million euros ($175 million) to support economic recovery efforts in Ukraine, Ukrainian Prime Minister Denys Shmyhal announced on 20 November. Shmyhal met with Japan’s Foreign Minister Kiyoto Tsuji, Industry Minister Kazuchika Iwata, and Japanese business representatives in Kyiv to discuss priorities in Ukraine’s reconstruction.

“I voiced our priorities for rapid rebuilding: energy, housing, critical infrastructure, humanitarian demining, and business support. I’m grateful to the Japanese delegation for today’s mission, which will further facilitate the involvement of Japanese companies in reconstruction,” Shmyhal wrote on his Telegram channel.

Shmyhal expressed Ukraine’s interest in creating joint ventures, particularly in processing industries. Cooperation in agriculture, metalworking, machinery, critical raw materials, and IT is important for Ukraine, Shmyhal added. He noted Japan’s experience with post-war reconstruction could be helpful for Ukraine’s economic revival.

“We are thankful to the Japanese government and people for their comprehensive assistance,” Shmyhal said.

On 23 October, Ukraine’s Energy Ministery reported, following a meeting with Japan’s delegation, that Ukraine will receive transformers and solar panels from Japanese partners over the next few months.

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