The Export Credit Agency (ECA) is considering the first application from a Ukrainian company for insurance of investments against war risks. In an interview with Ukrinform, the head of the EKA board, Ruslan Hashev, said that new programs for insurance of military and political risks are already in place, and the agency is ready to work with Ukrainian and foreign investors.
According to Mr. Gashev, there are already several applications in the works, and the agency is preparing proposals to facilitate investors’ access to these products, taking into account the risks of war. EKA offers insurance of direct investments and investment loans for banks.
“This year’s main innovation is the launch of insurance programs against military and political risks. Such products are already in place, we offer them to potential clients. We even received the first application for investment insurance from a Ukrainian company, which we are currently working on.”, – the official remarked.
It is worth noting that war risks covered by insurance include:
- military conflict, war, armed aggression, hostilities, mass riots;
- violent change or overthrow of the constitutional system, seizure of power;
- acts of terrorism and sabotage, including those caused by hostilities;
- occupation and annexation.
