Japan allocates $400 million for the reconstruction of Ukrainian infrastructure
These funds will be provided to Ukraine within the Emergency Recovery Program. They will be used to purchase equipment and services necessary to reconstruct the damaged and destroyed critical infrastructure in Ukraine.
“Thanks to these funds, we can quickly restore critical infrastructure, improve the economic situation in communities, and create conditions for Ukrainians to return home. I thank the Japanese partners, particularly the Ambassador Extraordinary and Plenipotentiary to Ukraine, Matsuda Kuninori, for providing practical support for the recovery of Ukraine. For our part, we are working to ensure maximum transparency and accountability of using these funds,” commented Oleksandr Kubrakov, Deputy Prime Minister for Restoration and Minister for Communities, Territories and Infrastructure Development of Ukraine.
The Government of Japan will also allocate $70 million of grant support for the recovery of Ukraine through the United Nations Development Program (UNDP).
Only since the beginning of this year, Ukraine and Japan have agreed on allocating more than $650 million for the needs of Ukraine’s reconstruction, the Minister added.
In particular, earlier, Oleksandr Kubrakov and Junichi Yamada, Executive Senior Vice President of the Japan International Cooperation Agency (JICA), signed a Grant agreement, according to which the Government of Japan will provide about $170 million for emergency recovery projects in Ukraine.
In March, the Prime Minister of Japan, Fumio Kishida, visited Ukraine. Ahead of his visit, he announced that Japan would allocate another $5,5 billion in financial assistance to Ukraine.
In addition to financial support to Ukraine, the Japanese Government also imposed sanctions against the aggressor country, Russia, as did a number of EU countries, the United States, and Great Britain.