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Japan earmarks €1.25 billion to support companies investing in Ukraine reconstruction

Ukrainian Prime Minister Denys Shmyhal meets Japanese Foreign Affairs Minister Yoko Kamikawa in Japan

Japan has agreed to allocate €1.25 billion to support Japanese companies that invest in the reconstruction of Ukraine, Ukrainian Prime Minister Denys Shmyhal said during a visit to Tokyo.

Shmyhal, whose visit comes as Japan host an international conference on the reconstruction of Ukraine, said the Japanese assistance will come in the form of guarantees for investors and a credit line for exports.

The support will come in addition to the $4.5 billion in budgetary support Japan has promised Ukraine this year, the Ukrainian government said in a press release. Few other details were given and the Japanese government didn't directly announce the plans for investment aid.

Japan, along with South Korea, has been a major ally of Ukraine in Asia and this week is holding the Conference for Promotion of Economic Growth and Reconstruction on Ukraine. Some 50 Japanese companies have signed agreements with Ukrainian firms at the conference.

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