Japan to provide Ukraine with $4.5 billion for reconstruction

Japan will provide Ukraine with US$4.5 billion in aid to rebuild the state after the invasion of Russian troops, Japanese Prime Minister Fumio Kishida announced during the virtual G7 meeting on December 6.

“Japan has decided to provide additional support in the amount of US$1 billion, including aid for recovery and reconstruction, as well as humanitarian aid, and is ready to provide a total of US$4.5 billion in support, including this additional support and an increase in credit to the World Bank,” the Ministry of Foreign Affairs of Japan said in a statement. 

Also, Japan, with the involvement of the private sector, will start the Japanese-Ukrainian Economic Reconstruction Project in February 2024.

Although the situation in the Middle East is becoming increasingly tense, the G7 countries remain unchanged in their position to support Ukraine, Kishida emphasized. The “Group of Seven” countries expressed their determination to continue to unite and promote sanctions against Russia and support Ukraine to achieve peace.

The G7 countries also published a joint statement that they will continue to support the Peace Formula of Ukrainian President Volodymyr Zelenskyy.

“We are determined to support an independent, democratic Ukraine within its internationally recognized borders,” the G7 statement said.

The G7 includes the United Kingdom, Canada, France, Germany, Italy, Japan, the United States and the European Union.