KYIV. Feb 15 (Interfax-Ukraine) – The export-credit (insurance) agency that it is planned to create to insure, guarantee and cheapen crediting of exports could start operating in the third quarter of 2017, Deputy Economic Development and Trade Minister, Trade Representative of Ukraine Natalia Mykolska said at a meeting with railway producers in the ministry on February 12.
“In 2016, we plan to finish the preparation work, legal and project documents, including the actual launch of the export-insurance agency in 2017, in line with concrete products, and it is likely that this is the third quarter of 2017,” she said.
She said that at the presentation of reforms of state-run banks made on Thursday it was said that Ukreximbank starts fulfilling its direct functions, work with exporters, importers and state support of Ukrainian exporters.
“It is planned to create the state insurance agency that will be involved in insurance and non-banking guarantees, maybe risk hedging,” she said.
Earlier she said that the co-founder of the export-insurance agency could be an international institution.
As reported, the Cabinet of Ministers of Ukraine in late December 2015 decided to create the export-credit agency. The founder of the agency was to be Ukreximbank.
