The Government of Ukraine is initiating a mechanism for insuring war risks for foreign investment, Prime Minister Denys Shmygal said.
“We see the interest of potential investors and understand their warnings. One of them is security. Therefore, the government of Ukraine is initiating a mechanism for insuring war risks for foreign investment. In particular, through the Multilateral Investment Guarantee Agency (MIGA) and the World Bank,” he said at the cabinet meeting on Friday.
The prime minister recalled that MIGA had already allocated $30 million for the pilot project.
According to him, the German Ministry of Economy and other partners promise to join the insurance procedure.
FOREIGN INVESTMENT, INSURANCE, military risks
