Ukraine has developed mechanisms to insure investments against war risks.

The Ministry of Economy of Ukraine has worked in three key directions: access to financing of investment projects, insurance of military and political risks, mechanisms of support, and state stimulation of investment.

“No one expected such dynamics – neither international experts, nor Ukrainian ones. For January-August, the net inflow of investments amounted to $2.9B. For example, the German concern Bayer announced that it would invest €60M in a plant in the Zhytomyr Region. Moreover, the Irish company Kingspan Group announced the construction of a $280M building materials plant in Ukraine”, said Minister of Economy Yulia Svyridenko.

According to her, Ukraine has built an entire investment insurance structure, which the government plans to expand in 2024. In particular, the Ministry of Economy has launched a mechanism to insure ships against war risks with British partners. The total amount of insurance coverage provided for in this mechanism is $50M.

It is also noted that the investment guarantee agency MIGA insured the first investments. These were investments in the M10 industrial park in the Lviv region.