Urgent.News

One page, thousands of outlets. See who else covered it.

Editions

Business

European Solidarity proposes moratorium on business inspections, war risk insurance

The European Solidarity party proposes introducing an economic resilience package to support Ukrainian business during a difficult period, which would include war risk insurance, accessible financing for recovery after Russian attacks, a moratorium on law enforcement pressure and inspections, protection of logistics hubs and critical warehouses, export support programs, and predictable rules for…

European Solidarity proposes moratorium on business inspections, war risk insurance

European Solidarity party suggests a package to assist Ukrainian businesses during a challenging time, encompassing war risk insurance, affordable financing for post-Russian attacks recovery, a temporary halt to law enforcement inspections, safeguarding critical logistics hubs and warehouses, export support initiatives, and clear regulations for entrepreneurs.

Party leader Petro Poroshenko emphasized that exports have ceased, exacerbating the crisis, and businesses are currently focused on mere survival and preventing bankruptcy. Post-Russian strikes on warehouses and trade infrastructure, supply disruptions have unfortunately arisen, making the situation far beyond an economic concern.

Poroshenko stated that during wartime, businesses require protection, such as war risk insurance, accessible financing, state defense of critical logistics, and an absence of superfluous inspections and law enforcement pressure. He argued that the ideal wartime economy involves minimal state intervention, enabling businesses to bolster the budget and fund the military.

The economic resilience plan is part of an action plan to be presented to the Verkhovna Rada, complemented by programs to protect citizens' lives, prioritize budget allocation for the military and defense, advance military technology, create a national energy resilience roadmap, promote European integration, and enhance governmental accountability.

Poroshenko pledged his readiness to back any decision fostering additional military weaponry, greater opportunities for Ukrainian producers, increased protection for businesses, judicial independence, and a faster Ukraine towards the European Union.

Poroshenko reiterated that a country waging a survival battle cannot tolerate an inefficient state and vowed not to support corruption, new barriers for entrepreneurs, official arbitrariness, or further populist budgetary attractions.

Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at en.interfax.com.ua →

More in Business

More from Tuesday 18 August →