Financial assistance is crucial to cover social and humanitarian expenditures of the Ukrainian budget, while nearly all country’s tax revenues are spent on the military.
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'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.