War risk insurance, UK participation in the creation of a trust fund to launch an international commercial war risk insurance market, participation of the British International Investment Agency in projects in Ukraine, attracting British investors to Ukraine, bilateral trade, Ukraine Recovery Plan – these and other issues were discussed by Yuliia Svyrydenko, First Vice Prime Minister of Ukraine and Minister of Economy of Ukraine, with Martin Harris, Ambassador Extraordinary and Plenipotentiary of the United Kingdom of Great Britain and Northern Ireland to Ukraine, on 4 October.

The First Vice Prime Minister spoke about the tools the Government uses to support business. This includes the "5-7-9" affordable lending programme, grant programmes for starting or developing businesses, including those with a focus on recycling to facilitate logistics. In this context, the British party aims to continue supporting trade liberalisation with Ukraine, increasing trade turnover and creating favourable conditions for Ukrainian exporters.

Yuliia Svyrydenko noted that in addition to agricultural products, which are the basis of Ukrainian exports, Ukraine is focusing on the military-tech industry, green energy, logistics, IT, etc.

In addition, to facilitate the work of foreign businesses in Ukraine, it is important to develop the war risk insurance market. The UK is working on a tool to insure its businesses that are interested in investing in Ukraine, and are interested as well in helping to launch an international war risk reinsurance pool.

"With the support of the G7, G19, and the European Commission, we are working on war risk insurance instruments for international agencies. In particular, we cooperate with MIGA, DFC, EBRD, Export Credit Agencies of a number of countries, including the UK, and have already completed several successful cases of investment risk insurance worth millions of dollars," said Yuliia Svyrydenko.

The parties also discussed the European integration commitments of Ukraine, priority reforms, including privatisation, and the development of key industries. Ambassador Martin Harris noted that the UK is ready to provide the necessary advice and support to Ukraine on key issues.