Business news from Ukraine

Japan plans to allocate EUR 160 mln for Ukraine’s economic recovery

Prime Minister Denys Shmyhal says Japan plans to allocate EUR 160 million to support Ukraine’s economic recovery projects.

“I have announced our priorities for rapid recovery: energy, housing, critical infrastructure, humanitarian demining and business support. I am grateful to the Japanese delegation for today’s mission, which will further involve Japanese companies in the reconstruction,” Shmyhal wrote on his Telegram channel on Monday following a meeting with Japanese Minister of State for Foreign Affairs Kiyoto Tsuji, Minister of State for Economy, Trade and Industry Kazuchika Iwata, and representatives of Japanese business.

According to the Prime Minister, Ukraine is interested in establishing joint ventures, especially in the processing industry. “Cooperation in agriculture, metalworking, machine building, critical raw materials and IT is important for us. Japan’s experience in post-war recovery can be useful for Ukraine’s economic recovery,” Shmyhal added.