The European Commission is working to launch a pilot project to counter-guarantee Export Credit Agencies so that they can continue on-cover for export of the EU companies to Ukraine, as well as on solving the problem of war risk insurance, European Commission Vice President Valdis Dombrovskis said in the European Parliament on Tuesday at the debate about Ukraine.

The European Commission has been working in talks with several partners, including the UK and the European Bank for Reconstruction and Development (EBRD), on a possible scheme to encourage the insurance industry to launch military insurance policies for Ukraine.

Besides, the European Commission is discussing with the World Bank the possibility of allocating a EUR 40 million loan under European guarantees for micro, small and medium-sized enterprises of Ukraine.

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