UK authorities to help in struggle danger insurance coverage undertaking for Ukraine

The UK authorities will work with the European Bank for Reconstruction and Development (EBRD) on the latter’s struggle danger insurance coverage undertaking for Ukraine.

In a launch, the Ministry of Economy of Ukraine mentioned the EBRD undertaking goals to create a brand new fund to facilitate the event of a world insurance coverage market to cowl property and commerce dangers. The UK’s help for the EBRD initiative was expressed in a signed assertion of intent.

Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, commented: “The cooperation of such robust and dependable companions of our nation because the UK authorities and the EBRD offers us confidence within the success of the undertaking launched through the Recovery Conference in London.

“The progress within the growth and sensible content material of this undertaking, within the implementation and strengthening of different struggle danger insurance coverage tasks launched by governments, worldwide monetary establishments, and insurance coverage firms, reveals that our companions perceive the vital significance of this space within the context of Ukraine’s restoration.

“Indeed, it is private capital that will bear the brunt of the recovery. And to ensure that investment comes to Ukraine on the scale required, we need to work together to ensure the security of investment, trade operations, etc.”

It was famous that, as a world chief in insurance coverage, the UK may also contribute to the worldwide curiosity within the EBRD undertaking.

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