Japan Prepared To Contribute $4.5 Billion to Ukraine’s Reconstruction

(NewsSpace.com) – The war in Ukraine has been raging since February 2022, and during that time, there has been a significant amount of damage to the country. Russia’s attacks hit infrastructure as well as civilian areas, displacing at least 5 million people, according to recent reports. When the war finally does end, there will be much to repair, and Japan has committed to sending billions to help Ukraine recover.

At the G7 summit, Japanese Prime Minister Fumio Kishida reiterated that the G7 stands with Ukraine in the battle and announced that his country was prepared to commit $4.5 billion to the war-torn country’s recovery and reconstruction. At least $1 billion of that is earmarked for humanitarian aid. During the discussion, Kishida made it clear that Ukraine’s recovery benefits the world, both in the short-term and the long-term. He also announced the Japan-Ukraine economic reconstruction project, which is expected to involve the private sector and is slated to begin in February.

Japan has continued to support Ukraine, having sent $7 billion in aid so far, most of which is humanitarian in nature. Due to its constitutional restrictions and pacifist policies, it cannot send lethal weapons, though it has contributed non-lethal military equipment. It could, in the future, send defense systems, according to Ukrainian Ambassador to Japan Sergiy Korsunsky, as shielding the country from drones and missiles isn’t considered lethal but defensive. The Asian nation is also considering loosening restrictions on weapons exports.

Staying on the topic of Russia, Prime Minister Kushida also revealed that the country would be extending its sanctions to third parties that are helping to circumvent existing ones. That will take place both before and after the New Year. He will also introduce direct import restrictions on Russian diamonds, followed by indirect import restrictions.

In the meeting, the G7 members expressed their unwavering solidarity with Ukraine. President Volodymyr Zelenskyy also took part.

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