Japan will allocate 1.25 billion euros to support investors in Ukraine

Japan will allocate 1.25 billion euros to support Japanese investors in Ukraine. The relevant documents were signed at a conference on economic development and recovery in Tokyo, Prime Minister Denis Shmyhal said in a Telegram on Monday, February 19.

According to him, the new program of the Japanese export credit agency NEXI will consist of two parts. These, in particular, are guarantees for Japanese investors, as well as a line of credit for the export of Japanese goods for the implementation of projects for the renewal of Ukraine, said said Shmygal.

“We also discussed the further liberalization of trade between our states. I suggested that Minister Saito work on the issue of updating the agreement on the protection of investments,” Shmygal wrote.

In addition, the Prime Minister spoke with Japanese Finance Minister Shunichi Suzuki about continued budget support and expressed gratitude for the intention to allocate $4.5 billion in financial aid this year.

In this regard, the Ministry of Community, Territorial and Infrastructure Development reported that Japan has given Ukraine a $100 million grant for the third phase of the Emergency Recovery Program. The money will be used for the rapid renewal of projects in energy services, transport links and humanitarian demining equipment.

We remind you that today a Ukrainian government delegation led by Prime Minister Denis Shmygal is visiting Japan. 56 cooperation documents in various fields were signed.

It was also reported that Japan became the largest financial donor to Ukraine at the beginning of the year.