• Українською
  • Yuliia Svyrydenko: France will insure its companies interested in rebuilding Ukraine against war risks
    Ministry of Economy of Ukraine, posted 02 October 2023 09:32

    France has introduced a bilateral mechanism for insuring investments in Ukraine. The French state-owned insurance company Bpifrance Assurance Export will insure French companies that stand ready to invest in Ukraine and take an active part in the country's reconstruction without waiting for the war to end.

    Any company operating under French law and making a long-term investment abroad in a new or existing company, or any credit institution providing a bank loan to a foreign subsidiary, is eligible for this investment insurance. It protects investors or lending institutions against the risks of property damage or non-payment, non-transfer, expropriation or political violence. The insurance covers up to 95% of the loss of investor assets or receivables.

    In addition, France continues to negotiate with partners to support Ukraine's economy and mobilise innovative financial instruments for Ukraine's recovery.

    "We have had many discussions and negotiations on France's insurance of its companies against war risks, and finally we have the result of this painstaking work. The French Export Credit Agency has started providing guarantees for companies interested in rebuilding Ukraine. We see a renewed interest from the French commercial sector in working in Ukraine, so this decision is a signal to French companies that they can enter the Ukrainian market more actively," said Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine.

    On 13 September, an online meeting on investment risk insurance for French businesses titled "Introduction by France of a mechanism to insure investments in Ukraine against war-related risks" was held. The event was organised by the French-Ukrainian Chamber of Commerce and Industry. The meeting was attended by over 150 leading French and Ukrainian companies already operating in Ukraine or considering entering the Ukrainian market.