The Export Credit Agency of Ukraine has started accepting applications to insure direct investments and investment loans for banks against military and political risks

The Export Credit Agency of Ukraine has started accepting applications to insure direct investments and investment loans for banks against military and political risks

This will provide Ukrainian businesses with additional guarantees of financial security and stimulate business activity. 

Insurance will help create the facilities and infrastructure necessary for the development of the manufacturing industry and the export of Ukrainian-made goods. A well-developed war risk insurance infrastructure can be an additional incentive for investors to enter the Ukrainian market and develop their export-oriented plants and factories here. 

The Export Credit Agency will offer two insurance products:

  • direct investment insurance for investors;
  • investment credit insurance for banks.

The war risks that the ECA can insure against include

  • military conflict, including war or armed conflict, armed aggression, hostilities, mass disturbances;
  • violent change or overthrow of the constitutional order or seizure of state power;
  • acts of terrorism and/or sabotage, including those caused by military conflicts, wars, armed conflicts, hostilities, mass riots or violent change or overthrow of the constitutional order, seizure of state power;
  • occupation, annexation.

Previously, war risk insurance was only available from international organisations – MIGA insured foreign companies willing to invest in Ukraine, the US DFC and the Polish KUKE agency provided guarantees to foreign and Ukrainian companies. 

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