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Japan to allocate €1.25 billion to support Japanese investors in Ukraine

During the Tokyo Conference on Development and Reconstruction, Japan announced a new program to support its investors in Ukraine and facilitate the export of goods for the country’s reconstruction.
byIryna Voichuk
19/02/2024
1 minute read
Japan Ukraine
Japanese Minister of Economy, Trade and Industry Ken Saito and Ukrainian Prime Minister Denys Shmyhal in Tokyo on 19 February. Credit: Shmyhal/TG
Japan to allocate €1.25 billion to support Japanese investors in Ukraine

On 19 February, during the Tokyo Conference on Development and Reconstruction, Japan announced a €1.25 billion initiative to support Japanese investors in Ukraine, Ukrainian Prime Minister Denys Shmyhal announced on his Telegram channel.

The Japan-Ukraine Conference for the Promotion of Economic Growth and Reconstruction is being held in Tokyo, Japan, on 19-20 February, attended by over 100 Japanese and Ukrainian companies along with a delegation from Ukraine.

Shmyhal revealed that the new program by Japan’s export credit agency NEXI would consist of two parts: guarantees for Japanese investors and a credit line for exporting Japanese goods for Ukraine’s reconstruction projects.

Ukrainian PM also discussed further liberalization of trade between the two countries, proposing to Japanese Minister of Economy, Trade and Industry Ken Saito to work on updating the investment protection agreement. In addition, he spoke with Japanese Finance Minister Suzuki Shunichi about continuing budgetary support and expressed gratitude for Japan’s intention to provide $4.5 billion in financial aid this year.

During the Tokyo Conference, Shmyhal met with Japanese Foreign Minister Yoko Kamikawa to discuss holding Russia accountable and enforcing payment. They talked about confiscating frozen Russian assets, adding Russia to the FATF blacklist, and taking measures to prevent the recognition of pseudo-elections in Ukrainian territories occupied by Russia.

Earlier on 19 February, Ukraine and Japan signed 56 documents on economic development and reconstruction, Shmyhal reported.

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