Military Risk Insurance for France Investors Doing Business in Ukraine

by Meifan Honcharuk
Tuesday, October 3, 2023
Military Risk Insurance for France Investors Doing Business in Ukraine

“Bpifrance Assurance Export” will insure up to 95% of investments to those entrepreneurs who enter the Ukrainian market before the end of the war

On September 13, an online conference Implementation by France of a mechanism for insuring investments in Ukraine against risks associated with war was held, organised by the Franco-Ukrainian chamber of commerce and industry. About 150 entrepreneurs from each country discussed the possibility of exiting and restarting a business in Ukraine during the war.

On October 2, the minister of economy of Ukraine, Yulia Sviridenko, conveyed the intention of the insurance company Bpifrance Assurance Export (France) to insure French entrepreneurs who will invest in the restoration of our country until the end of the war.

"Any company operating under French law and making a long-term investment abroad in a new or existing company, or any credit institution providing a bank loan to a foreign subsidiary, is eligible for this investment insurance. It protects investors or credit institutions that extend investment loans against the risks of property damage, non-payment, non-transfer, expropriation, or political violence," Ministry of economy of Ukraine.

This applies to both entrepreneurs and organisations issuing loans for investing in Ukraine. The insurance covers up to 95% of loss that may be caused by damage to the company's property, as well as "non-payment, non-transfer, expropriation or political violence."

We remind you that on September 29, about 20 official agreements were concluded between the military sector enterprises of Ukraine and France.

You will be interested