Japan to become first nation to cover military risks for investment in Ukraine
Photo: Japanese Embassy in Ukraine
Japan has become the first country to allocate 23 million dollars to cover military risks in investments in Ukraine.
Prime Minister Denys Shmyhal announced this during the government meeting.
According to Shmyhal, the Japanese government contributes to the fund of the Multilateral Investment Guarantee Agency (MIGA – ed.), which belongs to the World Bank group. This will allow Ukraine to return private foreign investments "much easier."
For reference:
On April 14, the Ministry of Reconstruction of Ukraine and the Japan International Cooperation Agency signed a grant agreement on the allocation of 400 million dollars. The funds will be directed to the restoration of the critical infrastructure of Ukraine, damaged as a result of the war.
The Prime Minister of Japan arrived in Ukraine on Tuesday, March 21, for high-level talks with President Volodymyr Zelensky.
Japanese Prime Minister Fumio Kishida visited Bucha. The head of the Japanese government laid flowers near the church in Bucha and honored the memory of the massacre victims with a moment of silence.
As Rubryka reported, Japan is considering the possibility of exporting weapons to countries that are fighting the invasion, such as Ukraine.
Read also – Japanese artist launches grant for inclusive music initiatives in Ukraine
