Social Insurance Fund of Ukraine to receive financial assistance from the state

The Government has decided to allocate financial assistance to the Social Insurance Fund of Ukraine in the amount of UAH 2,278.8 bn from the COVID-19 Acute Respiratory Disease Response Fund to fight the SARS-CoV-2 coronavirus infection and its consequences.

At that, the sum worth UAH 471.1 mn is expected to be provided on a non-refundable basis, while the sum worth UAH 1.807 bn of the Fund will have to be returned to the budget.

These resources will be used by the Fund to pay sick leaves and insurance benefits, including one-time benefits to family members of medical personnel and other health care workers who have died of acute respiratory illness COVID-19.

The decision of the Government in the period of implementing measures to prevent the spread of acute respiratory disease COVID-19 caused by coronavirus SARS-CoV-2 will provide the right of insured persons to receive relevant benefits and insurance proceeds paid by the Social Insurance Fund of Ukraine.