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Main Diplomacy — Japan will allocate over 100 million dollars for the reconstruction of Ukraine

Diplomacy

Japan will allocate over 100 million dollars for the reconstruction of Ukraine

12 Feb, 2024
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Japan will allocate over 100 million dollars for the reconstruction of Ukraine

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Japan will allocate $106 million to support the recovery of Ukraine from the consequences of the war. The funds will be distributed in seven areas, such as infrastructure restoration and demining.

According to Kyodo News, it is expected that the governments of both countries will agree on Japan's participation in the post-war reconstruction of the European country and sign more than 10 memorandums of cooperation at the Japanese-Ukrainian conference on economic recovery scheduled for February 19 in Tokyo.

According to sources, the aid will be used to provide equipment for demining and temporary bridges, as well as other resources urgently needed to support efforts to rebuild the war-torn country.

Japan aims to demonstrate its commitment to supporting Ukraine through government-private sector cooperation and will support Japanese companies starting businesses in Ukraine.

The memorandums of cooperation to be signed at the meeting include projects related to:

• medical services,

• cybersecurity,

• wind power plants,

• agricultural expansion,

• humanitarian situation improvement,

• biotechnology and industry,

• information technology,

• management improvement.

The Odessa Journal

The Odessa Journal

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