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:
The war risks that the ECA can insure against include
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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