Retailers EVA and VARUS confirm their large-scale investment plans and are counting on state assistance with risk insurance.

Ruslan Shostak, the owner of the EVA and VARUS networks, confirmed the previously announced large-scale investment plans. Last year, the businessman created the Tervin Corporation, which has 17 companies under management. This year, the construction of the first of four logistics hubs with a total investment of approximately $1B continues in Odesa despite Russian shelling.

“We don’t think this is an investment to make money now. It’s an investment to support our country. Yes, there are risks, and we are aware of that,” the businessman stated.

He pointed to the too-slow development of the market for investment risk insurance services, adding that he has a lot of questions for the state and the Ministry of Economy.

“Why are there so few of the business protection tools that the government should have already implemented? To better manage existing businesses and investment, we need a clear insurance structure and help from the state to protect our assets.”