Foreign governments are already starting to build institutional support for companies planning to enter Ukraine to participate in its reconstruction.
- Poland has introduced a special credit program to help with Ukraine’s reconstruction, offering over $67M in preferential loans for companies interested in projects there. Priority sectors include logistics, construction, and the supply of goods and services.
- France, through the Bpifrance Assurance Export insurance agency, covers up to 95% of political and commercial risks for French companies entering Ukraine, even before the war ends. Additionally, investment funds worth hundreds of millions of euros have been set up, targeting critical infrastructure, healthcare, energy, and water supply.
- Germany, through KfW and Euler Hermes, is working on loan guarantee and investment insurance programs for companies entering Ukraine.
- Italy has established mechanisms involving SACE (export credit agency) to support Italian investments and reconstruction projects. Current financial support is projected at €1.5B.
- Japan has announced up to $100M in support for Ukraine’s recovery through the JBIC (Japan Bank for International Cooperation), working closely with the private sector.
However, the labor situation frightens large investors and make them hesitant to enter Ukraine, even with the promise of government support (exemption from taxes, duties, and compensation from the government), if the Ukrainian authorities require them to employ Ukrainians in return.