Ministry of Economy: Ukraine expands available war risk insurance instruments for exporters
Kyiv • UNN
The Ministry of Economy of Ukraine is working with international insurers to reduce the cost of shipping insurance and extend similar mechanisms to other types of exports to improve security and stimulate exports.
The Ministry of Economy together with international insurers discussed the implementation of the first projects on the mechanism of reducing the cost of of maritime transportation insurance in the territorial waters of Ukraine, as well as the expansion of such mechanisms to other types of exports. This was reported by the press service of the agency, UNN reports. .
Together with the insurance market, we are already implementing the first projects in terms of a mechanism to reduce the cost of maritime transportation insurance in the territorial waters of Ukraine. This is very important for us, as it will contribute to the safety of maritime transportation and increase the volume of Ukrainian exports. Ship insurance is one of the most complex projects involving dozens of stakeholders. This clearly demonstrates that the international insurance market is ready to work in Ukraine. Our further joint steps will be aimed at expanding the introduction of similar insurance instruments for other types of exports,
Details
It is noted that further joint steps will be aimed at expanding the implementation of similar insurance instruments for other types of exports.
Implementation of the maritime transportation insurance mechanism will guarantee safety of navigation, promote the stability of maritime transportation, and ensure sustainable export of Ukrainian products through Ukrainian ports.
