Business news from Ukraine

UKRAINE WILL COMPENSATE THE DAMAGE TO THE OWNERS OF SHIPS AND ROLLING STOCK

31 March , 2022  

The Cabinet of Ministers adopted an order to ensure the safety of navigation in the waters of Ukrainian ports in the Danube region and rail transport.
The government adopted the corresponding document No. 255-r on March 30.
According to it, the Ministry of Infrastructure, together with the Ministry of Economy and the Ministry of Finance, must ensure the allocation of funds from the reserve fund of the state budget to compensate for the damage caused as a result of the armed aggression of the Russian Federation against Ukraine and military operations on the territory of Ukraine in the event that insurers refuse to provide insurance coverage to charterers, operators and / or owners of sea vessels and inland navigation vessels sailing under the flag of Ukraine and the flags of foreign states, if such vessels are located in the waters of Ukrainian ports in the Danube region.
In addition, compensation for damage is provided to owners and / or operators of rolling stock admitted to circulation by railways on the track of 1435 millimeters, if such rolling stock is located on the territory of Ukraine.

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