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Ukraine Taps Japan for $50 Billion Recovery Plan

(Tokyo) – Ukraine has presented its priority projects for 2025 to the Japan International Cooperation Agency (JICA), seeking support for industrial collaboration, joint ventures, equipment supplies, and the restoration of destroyed industrial facilities. First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko outlined these projects during a presentation aimed at securing financial backing from Japan.

The Ukrainian delegation showcased a wide array of initiatives across sectors, including finance, infrastructure, energy, agriculture, humanitarian demining, environmental protection, healthcare, education, social services, digitalisation, and industrial development. A central focus was on bolstering industrial capacity, rebuilding damaged facilities, and fostering international cooperation to boost Ukraine’s economic recovery.

Energy infrastructure was another top priority. Ukraine appealed for support in acquiring distributed generation equipment, solar power systems for critical infrastructure, specialised machinery, and equipment to rebuild energy networks damaged by Russian attacks. Specific requests included assistance for state energy companies “Ukrhydroenergo” and “Ukrenergo” as well as debris-clearing machinery.

Svyrydenko expressed gratitude for Japan’s ongoing budgetary support and urged JICA to continue prioritising Ukraine in 2025. She also proposed the establishment of a Project Preparation Facility to aid private businesses in developing robust investment projects, highlighting the importance of JICA’s role in funding public and private initiatives.

JICA has already provided $1.5 billion in aid to Ukraine, supporting energy capacity, social services, economic projects, and humanitarian demining. Notably, over $70 million has been allocated for demining efforts. The agency operates under Japan’s Official Development Assistance (ODA) programme, offering technical aid, concessional loans, and grants.

Additionally, Ukraine welcomed JICA’s involvement in the G7’s ERA mechanism, which redirects revenues from frozen Russian sovereign assets toward covering loans and related costs. The mechanism is expected to mobilise up to $50 billion for initiatives supporting Ukraine’s recovery.

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