MIGA has insured the first investment project in Ukraine against war risk.

The insured project is the M10 Industrial Park in Lviv, which received a guarantee from the World Bank’s Multilateral Investment Guarantee Agency. MIGA provides guarantees of up to $9.2M to a Cypriot company, UIPH Ukrainian Industrial Property Holding Limited, (60% of the shares are owned by Dragon Capital) against war risks and civil unrest for up to 10 years.

Economy Minister Yuliya Svyridenko explained that this is a guarantee for the loan funds taken by the company for the construction and operation of the warehouse complex and related infrastructure in the M10 industrial park.

“We have been coming to this important decision for a very long time. This is a signal not only for new potential investors who are considering investment opportunities in Ukraine. It is also the first step towards the launch of the war risk insurance market,” Svyridenko said.