Japan plans to allocate more than 100 million dollars for the post-war reconstruction of Ukraine
Japan will allocate 15.8 billion yen (US$106 million) in aid to support Ukraine's recovery from the effects of the war in seven areas during a joint conference in Tokyo.
This was reported by Kyodo News with reference to informed sources.
In particular, the Prime Minister of Japan Fumio Kishida, the Prime Minister of Ukraine Denys Shmyhal and the head of the Japan Business Federation (Keidanren) Masakazu Tokura will be present at the conference.
It is expected that the governments of the two countries will agree on the participation of Japan in the post-war reconstruction of Ukraine and sign more than 10 memorandums of cooperation at the Japanese-Ukrainian conference, which will be held on February 19 in Tokyo.
Japan's ¥15.8 billion in aid will be used to provide demining equipment and temporary bridges, sources said. Japan will also allocate funds for the expansion of agriculture, improving the humanitarian situation, biotechnology and industrial improvement, information technology, as well as strengthening governance and anti-corruption measures, the sources said.
At the same time, the memorandums of cooperation between Japan and Ukraine, which will be signed at the conference, will concern medical care, cyber security and wind power projects. It is expected that an agreement on the elimination of double taxation for companies doing business in Ukraine will be signed at the meeting.
The governments of both countries plan to start negotiations on an investment agreement aimed at promoting the participation of Japanese companies in reconstruction projects.
It will be recalled that the leaders of Japan and Ukraine, Fumio Kishida, and President Volodymyr Zelenskyi in November 2023 agreed to hold a conference dedicated to the economic reconstruction of Ukraine, which will be held in Tokyo on February 19.
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