Ukraine has introduced an official mechanism for insuring investments against war risks.

The Ukrainian parliament has this Law No. 9015 on the insurance of investments against war risks by the Export Credit Agency (ECA) was adopted. This document amends the current law on financial mechanisms to promote export activity. In particular, it eliminates the shortcomings that limit the possibility of insuring domestic investments through the Export Credit Agency, including in the conditions of military operations and post-war reconstruction.

Now, subject to the approval of the documents and the adoption of the necessary legal acts by the Cabinet of Ministers and the National Bank, Ukrainian investors can contact the ECA directly or one of the banks or an insurance company cooperating with the ECA and take out the appropriate insurance. The law is expected to stimulate economic activity, strengthen the industrial sector, create new jobs and fill budgets at all levels.

Over the past ten months, ECA has supported exports worth UAH 4.99 billion (USD 136 million) and insured bank financing worth UAH 800.4 million for Ukrainian exporters to implement contracts.