France will insure its companies against war risk in Ukraine.

The French state insurance company Bpifrance Assurance Export will insure companies ready to participate in the reconstruction of Ukraine even before the end of the war, the Ministry of Economy reported.

It is said that any company operating under French law and making a long-term investment abroad in a new or existing company or any credit institution providing a bank loan to a foreign unit is eligible for this investment insurance. It protects investors or lending institutions that issue investment loans from the risks of property damage or non-payment, non-transfer, expropriation, or political violence. The insurance covers up to 95% of the loss of the investor’s assets or receivables.

In addition, France continues negotiations with partners regarding the support of Ukraine’s economy and the mobilization of innovative financial instruments for Ukraine’s recovery.