Japan will provide EUR 1.25 bln to support Japanese investors in Ukraine

Japan will provide EUR 1.25 bln to support Japanese investors in Ukraine

Japan’s state export credit agency, NEXI, will open credit lines for investment and exports to Ukraine. In particular, Japan will provide EUR 1.25 bln to support Japanese investment in Ukraine. This will have a cumulative effect.

This was stated by the Prime Minister of Ukraine, Denys Shmyhal, summing up the results of the government delegation’s visit to Tokyo.

“The Ukrainian delegation to Japan had an extremely intensive programme of activities. The key event was the conference on economic development and reconstruction. It was attended by representatives of the business communities of our two countries, government officials, representatives of municipalities and regions. In Ukraine, Japanese companies showed great interest in launching and implementing new projects. Japan should become one of the leaders in the economic recovery and reconstruction of our country,” said Denys Shmyhal.

During the conference, representatives of Ukraine and Japan signed 56 documents. In particular:

  • agreements have been reached to provide Ukraine with a grant to implement the JICA Emergency Recovery Programme. The funds will be used for reconstruction of the energy and transport sectors and for humanitarian mine clearance;
  • the Ministry of Agriculture has signed a number of documents with Japanese agricultural machinery companies;
  • the Japan Urban Revitalisation Agency will help rebuild settlements destroyed by the enemy;
  • the Japan Water Resources Agency will help rebuild dams destroyed by russia;
  • INI CORPORATION will help build a strategic bridge over the Danube and a bridge over the Dniester estuary;
  • a Memorandum of Understanding has been signed with JETRO to help Ukrainian manufacturers enter the Japanese market;
  • JETRO and the EBRD will also develop cooperation to facilitate interaction between Ukrainian small and medium-sized enterprises and Japanese companies;
  • Japan’s state export credit agency, NEXI, will open credit lines for investment and exports to Ukraine. In particular, Japan will provide EUR 1.25 bln to support Japanese investment in Ukraine;
  • JBIC will provide a USD 150 mln loan through the Black Sea Trade and Development Bank to support reconstruction projects by Ukrainian enterprises.

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