The Law on Insurance of Investment against War Risks through the Export Credit Agency (ECA) entered into force on January 1, 2024. The law is aimed at expanding the capabilities of the ECA to insure investments in Ukraine (both foreign and domestic investors), in particular against war risks. From now on, the Ukrainian domestic investor will also have an opportunity to use the national insurance mechanism for non-property military and political risks.

It is important to emphasize that this legislative norm does not change the objective of the activity of the Ukrainian Export Credit Agency, which is to stimulate the development of the export of goods, works and services of Ukrainian origin to world markets. Thus, it is about the insurance of investments in export-oriented enterprises.

The Ministry of Economy expects that the initiative will stimulate investment crediting during the war. After all, ECA insurance policy has already been included by the National Bank into the list of acceptable security for loans.

More details: http://surl.li/oukfx