Copyright © 2024

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Japan reportedly pledges $106 million in reconstruction aid for Ukraine

The aid package is expected tol be formally unveiled at the Japan-Ukraine Conference for Promotion of Economic Reconstruction in Tokyo on 19 February, Kyodo news reported referring to its sources.
Japan reportedly pledges $106 million in reconstruction aid for Ukraine

The Japanese government will pledge 15.8 billion yen ($106 million) to assist Ukraine’s reconstruction across seven key areas, sources familiar with the plans told Kyodo News on 11 February 2024.

The aid package will be formally unveiled at the Japan-Ukraine Conference for Promotion of Economic Reconstruction in Tokyo on 19 February. Over 300 government and business leaders will attend, including Prime Ministers of Japan and Ukraine, Fumio Kishida and Denys Shmyhal.

The pledge comes amidst global worries that waning military support from Western allies may hamper Ukraine’s defense as the Russian invasion approaches its second anniversary. While unable to provide arms under its constitution, Japan seeks to demonstrate its unwavering commitment to Ukraine by providing humanitarian and financial aid.

The $106 million will finance urgent needs like demining equipment, temporary bridges, and agricultural expansion to start rebuilding efforts. Other cooperation areas span healthcare, IT, infrastructure, humanitarian aid, industrial technologies, and governance reforms.

Several bilateral deals can also be signed, including medical partnerships, cybersecurity collaboration, and wind farm projects. The two countries plan to launch investment treaty talks to spur private Japanese investment in Ukraine.

A long-awaited taxation agreement eliminating double-tax burdens for Japanese firms operating in Ukraine is also nearing conclusion.

With Ukraine’s reconstruction costs estimated at over $400 billion for the next decade, Japan hopes its strong public-private partnership model will catalyze the sustainable revival of Ukraine’s battered economy after years of Russian bombardment.

Read more:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here

    Will the West continue to support Ukraine?
    • Know what moves the world.
    • Stay informed with Kompreno.
    • Get quality journalism from across Europe.
    Special discount
    for Euromaidan Press readers
    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts
    Read More

    Japan’s Foreign Minister visited Kyiv for the first time, discussed cooperation, and commemorated victims of Russian crimes in Bucha

    Japan's Foreign Minister Yoshimasa Hayashi made an unannounced visit to Ukraine on 9 September 2023. This was the first time he visited Ukraine since Russia's February 2022 invasion. Hayashi met with Ukraine's president, Volodymyr Zelenskyy, Minister of Foreign Affairs Dmytro Kuleba, and Minister of Digital Transformations Mykhailo Fedorov. He also visited the memorial to victims of Russian war crimes in Bucha.