On October 22 in Tokyo, Ukraine’s Minister of Economy, Environment, and Agriculture, Oleksii Sobolev, met with the leadership of the Japan Bank for International Cooperation (JBIC). The sides discussed attracting Japanese investments, financial instruments, and technologies to restore Ukraine’s energy sector and develop its industry and agriculture.
Key areas of expanded cooperation include:
- Energy: JBIC is considering creating a special credit line with enhanced risk insurance to finance energy projects in Ukraine. This involves supplying Japanese equipment — batteries, gas turbines, power electronics — and transferring technology for localized production in Ukraine.
- Investment attraction: The parties discussed providing targeted technical assistance for reforms in privatization and public-private partnerships, enabling greater involvement of Japanese private capital in large projects.
- Agriculture cooperation: Ukraine and JBIC plan to co-finance projects to create modern logistics and processing centers, as well as cold storage facilities for the agricultural sector. Potential project selection will be coordinated with the UkraineInvest agency.
They also discussed developing financial mechanisms for humanitarian demining of agricultural land, investing in critical minerals such as titanium and lithium in collaboration with the U.S. Development Finance Corporation (DFC), and expanding war-risk insurance programs.
“Ukraine is interested in long-term cooperation with Japan — from energy to agriculture. JBIC is among our key partners and can support the recovery of the Ukrainian economy through technology, finance, and investment,” said Oleksii Sobolev.
JBIC confirmed its readiness to support major investment projects in Ukraine, particularly in green energy, industry, and logistics.
