Ukraine, Japan Sign 29 Agreements to Boost Reconstruction Efforts
Ukraine and Japan have signed 29 cooperation agreements aimed at accelerating Ukraine’s economic recovery during the Ukraine-Japan Economic Reconstruction Forum held in Tokyo.
The Gaze reports this, referring to Ukraine’s Ministry of Economy, Environment and Agriculture.
The agreements span a wide range of sectors, including agriculture, infrastructure, food production, technology, and innovation.
One of the key outcomes was a trilateral declaration between the United Nations Industrial Development Organization (UNIDO), and the ministries of economy of both countries, focusing on green industrial recovery.
In addition, Ukrainian state-owned company Ukrfinzhytlo signed a memorandum with Japan’s Nippon Export and Investment Insurance (NEXI) to help finance Ukraine’s affordable mortgage program “eOselia” at interest rates below market levels.
Another major partnership involves Japan’s Fujita Corporation, which will collaborate with Ukraine’s Ministry of Economy to develop infrastructure for cold and frozen food supply chains.
The forum was co-hosted by Japan’s Ministry of Economy, Trade and Industry (METI) and Ukraine’s Ministry of Economy, with support from the Japan External Trade Organization (JETRO).
Ukrainian companies such as Metinvest, Epicenter, Ukrhydroenergo, Naftogaz, DTEK, Oschadbank, and Ukrnafta also participated in the forum.
Ukrainian FM Andrii Sybiha, who also visited Tokyo, held talks with leaders of Japan’s top business and trade institutions, including KEIDANREN, NEXI, and JETRO.
He emphasized Japan’s crucial role in Ukraine’s recovery, noting the war had caused an estimated $600 billion in infrastructure damage.
He also met with the leadership of the Japan International Cooperation Agency (JICA) to outline new directions for expanding humanitarian and reconstruction support.
Since the start of Russia’s full-scale invasion, JICA has contributed to rebuilding hospitals, water and power systems, and has supported energy efficiency initiatives and training programs for Ukrainian professionals.
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.