The agreement was proposed by Japan, and will be signed in Kyiv on February 5 by Japanese Ambassador to Ukraine Shigeki Sumi and Minister of Economic Development and Trade of Ukraine Aivaras Abromavicius.

"On February 3, the Government of Japan decided to sign an agreement on the promotion and protection of investments – the Ukraine-Japan agreement" the ministry’s posting reads.

As UNIAN reported earlier, at the end of January the government of Japan said it intending to provide Ukraine with additional financial aid package worth $300 million to replenish foreign exchange reserves of the National Bank of Ukraine.

This was to be in addition to the $ 1.5 billion of financial assistance provided by Japan to Ukraine in 2014.

In addition, Japan is ready to allocate another $16.6 million in grants for infrastructure projects.