Japan: Grants for Ukraine, Sanctions for Russia

by Roman Cheplyk
Friday, March 31, 2023
Japan: Grants for Ukraine, Sanctions for Russia

Japan provides a $470 mln grant to restore Ukraine and imposes new sanctions against Russia

The Japan International Cooperation Agency will soon agree on the provision of a grant tranche of $400 million for the emergency restoration of Ukraine's critical infrastructure. Separately,

Japan has agreed to provide a $70 million grant for the post-war reconstruction of Ukraine under the UN development program.

The corresponding agreement was signed between the minister of the infrastructure of Ukraine, Oleksandr Kubrakov, and the Japanese ambassador to Ukraine, Matsuda Kuninori.

"Just since the beginning of this year, Ukraine and Japan have agreed to allocate more than $650 million for Ukraine's reconstruction needs. Thanks to these funds, we get the opportunity to promptly restore critical infrastructure, improve the economic situation in communities, and create conditions for Ukrainians to return home," Oleksandr Kubrakov.

According to the website of the Japanese parliament, additional sanctions against Russia will enter into force on April 7 — a ban on the export of aircraft, drones, equipment for use in space and all parts for this group of goods. Additionally: a ban on the export of steel, aluminium and products from these metals, construction equipment, optics and measuring equipment to Russia.

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