Export Counter Guarantees and EU War Insurance for Ukraine

by Meifan Honcharuk
Wednesday, June 15, 2023
Export Counter Guarantees and EU War Insurance for Ukraine

The European Commission is preparing an insurance mechanism for Ukraine to attract foreign investment in the restoration of the state

On June 14, at a meeting of the European Commission, vice-president Valdis Dombrovskis announced the forthcoming export counter-guarantee program, thanks to which the EU countries continue to export goods and services to Ukraine. Also, work is underway to insure war risks, which today are the biggest obstacle for a foreign investor on the way to financing projects in Ukraine. These measures will help attract private European businessmen to the restoration of Ukraine.

The issue of military insurance is handled by the European Commission, Great Britain and the European Bank for Reconstruction. Also, the possibility of euro-crediting micro, small and medium-sized businesses in Ukraine will be discussed in relation to the World Bank. The total budget for this program is €40 million.

The next debate on investing in Ukraine within the interagency donor coordination platform framework will take place on June 21-22 in London.

You will be interested