Japan has signed an agreement to provide Ukraine with $400 million for reconstruction efforts, according to a Facebook post by the Ministry of Reconstruction.
Japan offers 400 million dollars for Ukraine’s reconstruction efforts
The Japanese government agreed for the first time with the financing plan on March 30.
The funds were distributed to the Critical Infrastructure Emergency Recovery Program, which is intended to provide the basic needs of citizens by restoring critical infrastructure that was damaged due to Russia’s invasion of Ukraine.
Under the economic recovery program, funds will be allocated primarily for humanitarian assistance, including the provision of medical equipment, demining and education, among other initiatives.
In addition to this grant, the Japanese government has pledged $70 million for recovery efforts under the United Nations Development Programme. In total, Japan intends to donate more than 600 million dollars for the reconstruction of Ukraine this year.
Ukraine’s reconstruction costs were estimated at $411 billion on March 23.
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