Business news from Ukraine

Japan has provided assistance to Ukraine worth more than $7.6bn

Japan’s financial, humanitarian and technical assistance to Ukraine has already exceeded 7.6bn dollars. Japan’s financial, humanitarian and technical assistance to Ukraine has already exceeded 7.6bn dollars, Verkhovna Rada Speaker Ruslan Stefanchuk has said.

“Ukraine is grateful to all G7 countries, especially Japan, which is chairing the G7 this year, for its consistent position in support of the territorial integrity and sovereignty of our state. We are grateful to Japan for its principled position in the UN structures, in particular, as a non-permanent member of the Security Council. Ukraine is grateful to Japan for its unprecedented decisions to provide non-lethal military assistance and for receiving Ukrainian evacuees. We are immensely grateful for Japan’s financial, humanitarian and technical assistance, which has already exceeded 7.6 billion dollars. The Ukrainian parliament speaker said in a statement at a press conference at the National Press Club of Japan on Thursday.

Stefanchuk also expressed gratitude to the Japanese side for consistent cooperation with Ukrainian and foreign partners to bring the aggressor to justice.

“The investigation of the UN International Court of Justice, the Special Tribunal for the Crime of Aggression against Ukraine, the International Center for the Punishment of the Crime of Aggression in The Hague, the Register of Damage Caused by Aggression and the Compensation Fund are the main tools on this path. Russia must be stopped. Criminals must realize that punishment is inevitable,” he stressed.

In addition, the head of the VR noted that Ukraine counts on Japan’s support not only during the war, but also in times of peace, as Ukraine will need assistance and investments for post-war reconstruction of the destroyed economy.

“We would also like to utilize Japan’s incredible experience in rebuilding after wars and natural disasters. Therefore, I am pleased to welcome Japanese government agencies and companies to Ukraine to work together,” the speaker added.

As reported, on September 6-10, Chairman of the Verkhovna Rada of Ukraine Ruslan Stefanchuk is on a working visit to Japan. In Tokyo, the speaker will take part in the parliamentary summit of the G7 countries (G7). He has been invited as a special guest of the summit. The program of the visit includes a number of bilateral meetings and Stefanchuk’s speech before the participants of the G7 parliamentary summit.

The working visit of the speaker of the Ukrainian parliament takes place against the background of an active dialog with Japan on Ukraine’s support in countering the Russian aggressor (in 2023 Japan will chair the G7).

Among the main goals of the visit are to strengthen the assistance to Ukraine from the G7 countries, to complement the efforts of the President and the Government of Ukraine and to expand cooperation with the parliaments of the G7 countries.

In addition, the aim is to strengthen bilateral relations between Japan and Ukraine and expand cooperation.

Japan to provide Ukraine with up to $7 bln in aid – Kishida

Japan will provide up to $7 billion in aid to Ukraine, Japanese Prime Minister Fumio Kishida said, speaking online at the 3rd Summit of the International Crimean Platform in Kyiv.

“Japan will continuously provide (Ukraine – IF-U) with a variety of assistance in the amount of up to $7 billion, depending on the needs,” he said.

In addition, Japan will use its experience and expertise in post-war reconstruction and disaster recovery to provide assistance, he said.

Kishida reiterated that Japan has consistently supported the sovereignty and territorial integrity of Ukraine, including Crimea, and will continue to work closely with the international community, particularly the G-7 countries, and join sanctions against Russia to provide continued support to Ukraine.

“I visited Kyiv and Bucha in March of this year and witnessed the tragedy with my own eyes. This confirmed my belief that Russia’s aggression against Ukraine is an extraordinary act that violates the foundations of the international order,” he said.

As Kishida emphasized, “Japan is on the side of the people of Ukraine to ensure peace and bring it back to the beautiful Ukrainian land.”


Ukraine’s state budget has received $1.5 bln loan guaranteed by Japan

Ukraine’s state budget on Thursday received a $1.5 billion concessional loan through the World Bank’s Trust Fund mechanism under guarantees from the Japanese government, the Finance Ministry said.

“The raised funding will be used to restore the economy and strengthen social protection of the population,” the release quoted Finance Minister Serhiy Marchenko as saying, thanking the WB and Japan for the allocation of funds.

The Finance Ministry recalled that since the beginning of Russia’s full-scale invasion, Ukraine has received more than $581 million in concessional financing from the Japanese government through the Japan International Development Agency (JICA).

“This year, the Japanese government is expected to provide another $2 billion in direct budget support through the World Bank Trust Fund,” the ministry added.

As previously indicated by the Ministry of Finance, as of July 21 this year, Ukraine’s state budget received funding from international partners in the amount of $23.6 billion, compared to $32.1 billion last year, with a need for this year of about $42 billion.

Since then, the budget has also received EUR1.5bn of the sixth tranche of EU macrofinancial aid.

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Japan hands Ukraine 100 cars and 30,000 food rations for Armed Forces of Ukraine

The Ministry of Defense of Japan held a ceremony of transferring to Ukraine 100 vehicles and 30,000 ready-made food rations for the needs of the Armed Forces of Ukraine, the Ukrainian Ambassador to Japan Sergey Korsunsky said.
“Today in the Ministry of Defense of Japan there was a ceremony of handing over to Ukraine 100 vehicles and 30,000 ready-made food rations for the needs of the Armed Forces of Ukraine. The first two vehicles are already on their way to Ukraine, the others will be sent after passing the technical inspection and necessary preparation,” he wrote on Facebook.
The ambassador stressed that for the first time in Japan’s post-war history, the Self-Defense Forces are transferring military equipment to a belligerent country.
“Continuation follows,” Korsunsky added.

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Ukraine and Japan to hold conference on rebuilding Ukraine

Ukraine and Japan will hold a joint conference on the reconstruction of Ukraine, President Vladimir Zelensky said on his website following his meeting with Japanese Prime Minister Fumio Kishida at the G7 summit.
In particular, the parties agreed to hold a Ukrainian-Japanese conference on the restoration of Ukraine and to involve private business in this process.
The leaders discussed the possibility of Japanese investment in the production of hydrogen, lithium batteries, cars, energy equipment, as well as in the construction of overpasses and railway infrastructure.
Zelenskyy reportedly thanked Japan for the allocation of a 7.6 billion dollar financial aid package, as well as for the decision to admit wounded Ukrainian servicemen to the Self-Defense Forces hospital for treatment and for additional aid in the form of 100 trucks for the needs of the AFU.
Zelenskyy and Kishida discussed further steps for assistance to Ukraine by the Japanese government, in particular to strengthen the material and technical capabilities of the Ukrainian defense forces.
The head of state stressed that Ukraine counts on Japan’s support for a global summit on the implementation of the Ukrainian peace formula.


Japan allocated to Ukraine 300 mln yen to buy medical equipment

Ukraine will receive 300 million yen (equivalent to almost 80 million UAH) from Japan to buy medical equipment that will equip Ukrainian hospitals with modern medical equipment, particularly endoscopes, the press service of the Cabinet of Ministers said.
“The Government of Ukraine has approved the draft Agency Agreement on the implementation of the Japanese grant aid. The agreement will be concluded between the Government of Ukraine and the company Crown Agents Japan Ltd”, – reported on the government portal.
Grant assistance in the amount of 300 million Japanese yen (the equivalent of almost 80 million UAH) is provided for the purchase of special equipment (endoscopes) for Ukrainian medical institutions, according to the press service.
“The health care system is one of the most affected by the war – the full-scale invasion of the Russian Federation has put a great strain on it. This is due not only to the mass systematic destruction of medical facilities, but also to the growing demand for certain types of medical care and services that were not previously a priority. Already now, 177 health care facilities have been completely destroyed, with 1,433 damaged. We are working not just to restore the damaged, but to rebuild better,” said Health Minister Viktor Lyashko, quoted by the press service.
According to him, for more than a year, Ukraine together with its partners manages to ensure the uninterrupted functioning of hospitals even near the front lines.
“Despite the shelling and the challenges faced by the Ukrainian healthcare system, with the support of international partners we are restoring the medical infrastructure, and the best equipment continues to appear in our hospitals. A grant from Japan will provide even more Ukrainian doctors and hospitals with modern medical equipment, which will make quality medical care more accessible to Ukrainian patients. We are very grateful for such a strong shoulder of help at a difficult time for us,” the minister said.