Ukrainian businesses make almost no use of state war insurance
This was reported by the Interfax-Ukraine news agency, citing Danil Getmantsev, chair of the parliamentary committee on finance, tax and customs policy.
According to Getmantsev, current demand does not justify increasing funding for the programme from 1 billion to 2 billion hryvnias.
“The amount of funding allocated will be determined precisely by demand from the business sector, and we do not yet see any such demand, as there are fewer than 300 applications,” he explained.
How the programme works
At present, state support involves two mechanisms.
The first is insurance through the Export Credit Agency (ECA) for businesses operating in frontline regions, at preferential rates.
The second is state compensation for part of the cost of the insurance premium for companies insuring property against war risks.
The first payments have already been made
Despite the small number of applications, the programme is already up and running.
According to Getmantsev, the state has made the first three full payouts for insured claims. It was also previously reported that businesses have already begun to receive compensation for part of their insurance premiums under the state programme.
How many applications have been approved
By the end of June, 221 applications had been submitted, of which 130 had already been approved, with a further 45 still under consideration.
The largest number of applications came from businesses in the Kharkiv, Sumy, Dnipropetrovsk, Zaporizhzhia and Donetsk regions.
What happens next
According to Getmantsev, the programme’s future development will depend on business engagement.
If the number of applications continues to rise, parliament may consider increasing funding for the programme when drawing up the state budget for 2027. At the same time, he urged entrepreneurs to familiarise themselves with the terms of the insurance scheme and to report any shortcomings in the mechanism so that it can be improved.
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