Koretsky: Govt expands war risk insurance program for business; Kyiv and region included in high-risk areas list
The Cabinet of Ministers of Ukraine has expanded the existing war risk insurance program for businesses and simplified the process for obtaining compensation, Prime Minister of Ukraine Serhiy Koretsky has announced.
Ukrainian Prime Minister Serhiy Koretsky has announced an expansion of the government's war risk insurance program for businesses, including Kyiv and the Kyiv region in the list of high-risk areas. The program aims to provide compensation for losses incurred due to Russia's ongoing attacks on civilian enterprises, warehouses, and logistics facilities.
The government has also increased the maximum insurance premium compensation from UAH 3 million to UAH 5 million per year per enterprise, extended the mechanism to leased property, and simplified insurance contract requirements. Additionally, state support for major projects in fuel, logistics, trade, and manufacturing sectors has been expanded, with concessional loans available for restoring fuel and warehousing infrastructure, modernizing manufacturing facilities, and replenishing working capital for wholesale and retail businesses.
Brief written by urgent.news from Interfax-Ukraine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
