Ukraine and Great Britain created a special vessel insurance mechanism
15.11.2023 - 11:30
Ukraine managed to create a special insurance mechanism for ships that used the Ukrainian sea corridor.
This was announced by Prime Minister Denys Shmyhal at the government meeting on November 14.
According to him, the mechanism was created as a result of agreements with the British government and a pool of insurance companies.
“It will allow a discount on the cost of insurance against war risks for exporters of all products from Ukraine. This will make the Black Sea maritime corridor more accessible to a wider range of exporters,” Shmyhal stressed.
The Prime Minister added that the Cabinet of Ministers has already allocated funds that will be a guarantee to cover possible damage. The Export Credit Agency, Ukrgasbank, Ukreximbank and a pool of 14 policyholders are involved in the mechanism.
