Economy Ministry plans to launch long-term mechanism for war damage compensation of up to $10 mln from 2027
The Cabinet of Ministers has detailed decisions on expanding business support programs, clarifying the parameters of concessional lending of up to 1 billion hryvnias and updated terms for war risk insurance, while the Ministry of Economy and Environment is already preparing a long-term mechanism for compensating losses.
The Ukrainian Ministry of Economy and Environment is developing a long-term mechanism to compensate war damages of up to $10 million per legal entity, starting January 1, 2027. This fund will be financed by state, donor, and private sources. The government has expanded the list of eligible properties for insurance compensation to include gas station facilities, fuel held by excise warehouse operators, vehicles used for transportation, agricultural machinery, and heavy trucks.
The maximum annual compensation for insurance premiums has been raised from 3 million to 5 million hryvnias. The Ministry is actively engaging with businesses to address their concerns and mitigate losses from Russia's armed aggression, with a particular focus on supporting the fuel infrastructure sector.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
