The export credit agency receives wider opportunities for investment insurance.

The government approved the list of military and political risks and the terms and conditions of risk insurance for the Export Credit Agency (ECA). The approved resolution will improve the legal regulation of the list of risks, conditions, and procedures for insurance or reinsurance of risks in the ECA’s operation.

Therefore, the agency will be able to insure and reinsure investment loans from Ukrainian banks for Ukrainian exporters and direct investments. This will make it possible to eliminate the gaps that limit the ability to insure domestic investments by the ECA. According to the resolution, military risks include:

1. military conflict, armed aggression, hostilities, mass riots
2. violent change, overthrow of the constitutional system, or seizure of state power
3. terrorist acts and/or sabotage
4. occupation, annexation

Political risks include:

1. nationalization of property
2. groundless (illegal) license revocation or forced shutdown of an enterprise
3. non-fulfillment or refusal to fulfill obligations by the state
4. state ban on settlements
5. impossibility of currency conversion or currency transfer abroad by an enterprise