Ukraine

The Export Credit Agency of Ukraine launches investment insurance against military and political risks

Supervisory Board of the Export Credit Agency  confirmed new insurance products aimed at protecting investments from military and political risks. This decision was made in compliance with the requirements of the Law of Ukraine 3497-IX, which regulates the insurance of investments in Ukraine against such risks.

Key terms and features of insurance:

  • Insurance objects: EKA offers insurance of direct investments and investment loans.
  • For insurance, the investment should be aimed at creating facilities and infrastructure necessary for the development of the processing industry and the export of goods of Ukrainian origin. The investment object must be located on the territory of Ukraine, with the exception of war zones and temporarily occupied territories.
  •  The list of war risks covered by insurance includes military conflicts, seizure of power, acts of terrorism, occupation and annexation.
  • The maximum insurance amount for direct investments and investment loans is UAH 200 million.
  • Insurance tariffs are determined individually for each contract, with a minimum rate of 0.49% and a maximum of 8.05% for direct investments, and 0.95% and 4.05%, respectively, for investment loans.

Payment of insurance compensation:

Payment is made in hryvnias at the official rate of the National Bank of Ukraine on the day of payment within five working days from the moment of adoption of the relevant decision by the ECA.

Insurance of investment loans:

  • It is possible only for borrowers who are residents of Ukraine.
  • The insured sum cannot exceed 100% of the debt limit or the principal debt.

 

See also  Sales of excisable goods are increasing in Ukraine

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Back to top button