Ukraine is launching a mechanism for compensating war risks for businesses - Enterprises from high-risk territories will be able to receive up to UAH 10 million in compensation for damaged or destroyed property as a result of attacks. How the mechanism will work and how to apply - the government said, according to UNN.
There will be two types of compensation:
- frontline regions
Enterprises from high-risk territories will be able to receive up to UAH 10 million in compensation for damaged or destroyed property as a result of attacks. After recording losses and submitting documents to PrJSC "Export Credit Agency", the state reimburses part of the losses within this limit.
- all of Ukraine
According to a model similar to "5-7-9%", the state compensates part of the cost of insurance premiums under war risk insurance contracts - to reduce the tariff for businesses to 1%.
For example, if an enterprise in Rivne region insures property for UAH 50 million at a rate of 3%, the state will cover two-thirds of the cost of this insurance - but not more than UAH 1 million per year.
How to apply?
Online on the website of PrJSC "Export Credit Agency" or on the Diia.Business platform.
What will be compensated: damages from missile and drone attacks, air defense fragments, fires, explosions and shock waves.
Important: after the compensation is paid, the right to claim compensation from Russia for damages within this amount passes to the state.