Ukraine Allocates Over ₴22 Billion from International Partners for Recovery Projects
The Cabinet of Ministers of Ukraine has approved the allocation of more than ₴22 billion (approximately $550 million) in international financial assistance to support the country’s recovery and reconstruction efforts.
The Gaze reports on this with reference to an announcement made by Ukraine’s Prime Minister Denys Shmyhal following an extraordinary cabinet session.
He emphasized that the funds, provided by strategic partners including Japan and the European Union, will address Ukraine’s most urgent reconstruction priorities.
Nearly ₴18.5 billion of the total package comes from the Japan International Cooperation Agency (JICA), earmarked for restoring the healthcare and education systems, supporting agricultural development, conducting humanitarian demining operations, and rehabilitating urban utilities in war-affected regions.
An additional ₴1.4 billion from JICA will be directed toward rebuilding the energy sector and enhancing the training of demining personnel working to clear Russian landmines.
Meanwhile, the European Union has provided roughly ₴2.2 billion in budgetary assistance to modernize Ukraine’s port infrastructure, aiming to strengthen trade resilience and support economic recovery.
“We are sincerely grateful to our partners for their unwavering solidarity,” Shmyhal stated. “Reconstruction is not just a national priority, it is a global undertaking that will help define the future of Europe. We are rebuilding Ukraine here and now, focusing on the areas where people’s needs are greatest.”
As The Gaze reported earlier, on June 5, Ukraine and Japan have signed a landmark agreement that unlocks a $3 billion loan for Ukraine, funded through revenues generated from frozen Russian assets.