On August 21, 2019, the Cabinet of Ministers of Ukraine approved the rules of commercial and non-commercial risk hedging, reinsurance and provision of security for Ukrainian products exporters. By implementing this decision the Government continues the measures aimed at supporting exporters of Ukrainian products (goods, services). The support is provided with the help of instruments of commercial and non-commercial risk hedging, reinsurance and provision of security according to the agreements which ensure export development.

Stepan Kubiv, the First Vice-Prime Minister and the Minister of Economic Development and Trade of Ukraine commented the government’s decision and noted that it is very important for Ukrainian exporters to receive a security mechanism against non-payment risks and financial losses because these are serious challenges for international trade members.

As you probably remember, on February 7, 2018 the Cabinet of Ministers of Ukraine on the initiative of the Ministry of Economic Development and Trade of Ukraine made a decision to establish Private JSC “Export-Credit Agency” and approved its constitutive documents. The Export-Credit Agency is a significant part in the system of export development support in Ukraine. It financially supports Ukrainian enterprises according to the Export Strategy of Ukraine (Strategic Trade Development Roadmap Timeline for the period of 2017-2021).