Japan to allocate over $100 million for Ukraine's recovery

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

RBC-Ukraine reported this regarding Kyodo News.

According to the publication, the governments of the two countries are expected to agree on Japan's participation in the post-war reconstruction of the European country and sign more than 10 memorandums of cooperation at the Japan-Ukraine conference on economic recovery scheduled for February 19 in Tokyo.

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

Japan is committed to demonstrating its commitment to supporting Ukraine through public-private cooperation and will support Japanese firms that start businesses in Ukraine.

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

• healthcare

• cybersecurity,

• wind power plants,

• agricultural expansion,

• improvement of the humanitarian situation,

• biotechnology and industry,

• information technologies,

• and improved governance.

Author - Serhii Kolomiets, 12/02/2024