Ukraine has received its first applications under a newly launched program to insure corporate property against war-related risks, with five businesses already seeking coverage, Prime Minister Yulia Svyrydenko said.
In a social media post on February 6, Svyrydenko said the program operates along two tracks. The first offers direct compensation for damage to enterprises in frontline regions, while the second provides partial reimbursement of insurance premiums for businesses across the country.
For companies operating in frontline areas, the state will cover losses of up to 10 million hryvnias ($232,800) for property damaged or destroyed since January 1. To participate, businesses must pay a one-time contribution equal to 0.5% of the total declared value of potential losses.
Among the first applicants is Kharkiv-based Suziria Group, a pet supplies company that has continued operating in the frontline city, maintaining jobs and supporting the functioning of its office as well as production and logistics facilities, Svyrydenko noted. Four additional applications have been submitted by enterprises based in other frontline regions.
The initiative is designed to support production, employment, and economic activity under wartime conditions. The program forms part of the "Made in Ukraine" policy and is administered by the Export Credit Agency.
The program came into effect on January 1. The government in Kyiv later expanded the initiative to also include production equipment, among other changes.
