Sergii Marchenko discussed the recovery of Ukraine with the Ambassador Extraordinary and Plenipotentiary of Japan in Ukraine 

Today, August 31, the Minister of Finance of Ukraine Sergii Marchenko met with the Ambassador Extraordinary and Plenipotentiary of Japan in Ukraine Kuninori Matsuda.

The parties discussed the devastating consequences of the full-scale aggression of russia on the financial and economic situation in Ukraine, and further cooperation between Ukraine and Japan in the financial area.

The Minister of Finance thanked the Ambassador and the Government of Japan for the systematic support of Ukraine during the war.

"Today, the level of trust and cooperation between the Governments of our countries is at the highest level. We are grateful to Japan for its active stance in strengthening sanctions against Russia and financial support for Ukraine. Japan provided Ukraine with about USD 600 million concessional loans during the 6 months of the full-scale war", Sergii Marchenko noted.

Japan is one of the largest donors in the amount of concessional financing to strengthen the country's budget system in wartime.

The Minister of Finance emphasized that during martial law, Ukraine needs additional funding to ensure all priority expenditures until the end of 2022, and to balance the budget in 2023.

Kuninori Matsuda expressed support for the sovereignty and territorial integrity of the country and noted that Japan will continue supporting Ukraine, in particular in the post-war reconstruction.

The parties also discussed strengthening Ukraine's cooperation with the Japanese business. Sergii Marchenko said that the involvement of foreign business in the reconstruction of the country's economy will be one of the Government's priorities after the victory in the war.

In 2023, Japan will take over the G7 Presidency and become a non-permanent member of the UN Security Council. Ambassador Kuninori Matsuda emphasized that Japan will continue to support the interests of Ukraine at the international arena, in particular in financial and humanitarian issues, and in holding russia accountable for crimes against Ukraine.

Additional information

In May, Ukraine received about USD 100 from Japan under a credit agreement on concessional terms.

In June, Japan directed additional USD 500 million to the state budget.