The European Commission is preparing a pilot project of export guarantees in Ukraine and promoting war risk insurance.
The European Commission is preparing several proposals that will help reduce the risks for European businesses doing business in Ukraine and thus help the recovery. This was announced by the Vice-President of the European Commission Valdis Dombrovskis during a debate in the European Parliament, writing Interfax-Ukraine.
According to him, the European Commission is preparing to launch a pilot project to provide counter-guarantees to export agencies so that they can continue to cover the exports of European companies to Ukraine.
“The lack of insurance against war-related events in most member countries is one of the obstacles to attracting private business to the reconstruction of Ukraine,” Dombrovskis said.
He added that the European Commission is talking with several partners, including the UK and the European Bank for Reconstruction and Development, about mechanisms that could encourage insurance companies to create insurance policies in the event of event related to war.
In addition, the EC is discussing with the World Bank the possibility of allocating a loan of 40 million euros under European guarantees for micro, small and medium-sized enterprises in Ukraine, Dombrovskis said, noting the importance of restoration of the private sector in Ukraine.
Recall that Ukraine’s five-year post-war recovery period will require additional investment of nearly $50 billion a year. In particular, we are talking about the inflow of foreign capital.
Source: korrespondent
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