Ministry of Economy of Ukraine
Ukraine and UK are working on implementation of war risk insurance instruments
05.12.2022 | 16:25 | Section for Public and Mass Media Relations
“Ukraine continues consistent implementation of projects to be financed by the UKEF. Within the credit line of GBP 3.5 billion, we are working on implementation of major projects in the field of defence, energy and infrastructure. Moreover, projects on the early restoration of Ukraine’s infrastructure with the participation of British companies are at the final stage. In particular, the restoration of 6 bridges in Kyiv Oblast,” Yuliia Svyrydenko said.
During the meeting, the parties paid special attention to war risk insurance mechanisms. They discussed in detail the instruments of war risk insurance provided by the UKEF, which would facilitate investments in Ukraine.
“In its century-long history, the UK Export Finance has repeatedly provided insurance against war-related risks. This applies to both exports of goods and investments. Unfortunately, Russia’s aggression forces us to turn to these instruments again. We will work to ensure that the business community is aware of the insurance possibilities and the conditions of its granting,” Yuliia Svyrydenko said.
In turn, the UKEF CEO Samir Parkash confirmed readiness of the United Kingdom to assist in restoration of Ukraine and assured that British business is interested in investing in the Ukrainian economy.
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19.04.2024 | 15:33
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Denmark allocates DKK 300 million to support business projects of its companies in Ukraine
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19.04.2024 | 15:31
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