DFC To Finance Political Risk Insurance Transactions In Ukraine For $350M

(MENAFN- UkrinForm) During the Ukraine Recovery conference (URC2024), the U.S. corporation DFC announced a financing package that includes Political risk insurance for Ukraine for $350 million.

Ukraine's First Deputy Prime Minister and Economy Minister Yulia Svyrydenko said this at a briefing at the Ukraine-Ukrinform media Center dedicated to summarizing the results of the conference.

"Each recovery conference had a component to discuss war risk insurance. At the third conference, in Berlin, there was a certain evolution of this theme. The U.S. Development Finance Corporation (DFC) has expanded its insurance tools. The new agreements will cover reinsurance for $50 million through the mediation of Aon to form insurance policies against war risks for private companies operating in Ukraine," Svyrydenko said.

DFC To Finance Political Risk Insurance Transactions In Ukraine For $350M Image

An additional $150 million will be used to insure political risks to support transactions that will be made in the agricultural export sector.

"A $152 million contract for political risk insurance has also been concluded for Ukrainian companies that will operate in the manufacturing sector," the minister added.

Photo: National Bank of Ukraine



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