Japan Allocate $23 Mln to Protect Investments in Ukraine

by Meifan Honcharuk
Wednesday, April 19, 2023
Japan Allocate $23 Mln to Protect Investments in Ukraine

Japan and the USA became the first countries to make a contribution to cover military risks for investors in Ukraine 

Prime minister of Ukraine Denys Shmyhal said that the Japanese government had expressed a desire to join the financial provision of risk coverage of $23 million in the Multilateral Investment Guarantee Agency format. This means that Tokyo will help create an "airbag" for Ukraine. These finances can be used in case of military losses from private foreign investment in Ukraine. These are essential steps that will make investments in Ukraine during the war safe for everyone. Other countries can join Japan, expanding investor safety, especially considering that Ukraine and DFC, USAID signed a memorandum to support the attraction of investments in Ukraine.

"Japan is the first country to contribute $23 million to cover military risks when investing in Ukraine. This is a contribution to MIGA that will allow us to bring back private foreign investment much more easily,"

Shmyhal also said that US treasury secretary Janet Yellen announced readiness to join the support of attracting foreign contributions to the restoration of a country suffering from Russian aggression. America is ready to provide funds for energy restoration – $800 million. Washington will also make a separate contribution to accelerating the restoration of important objects of Ukraine – $1.5 billion.

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