Government Plans 1bn Fund to Insure Businesses Against War Losses Koretskyi Says
8 Articles
8 Articles
Business Insurance Against Attacks — The Government will find funds in Ukrainian pockets
The Ukrainian government is discussing the idea of raising the value added tax from 20% to 21%. The additional money is planned to be sent to a special fund that will insure businesses against war risks. According to local estimates, Ukrainian business losses from the fighting in 2026 may
Russia has focused on attacks on Ukrainian businesses. As a result of the shelling, the state budget of Ukraine may not receive about 70 billion hryvnias.
The government is considering raising VAT from 20% to 21% to replenish the insurance fund, which will compensate businesses for losses from Russian attacks.
In 2026, Ukrainian businesses could suffer losses of $10 billion due to constant attacks by the Russian Federation. The Ministry of Economy plans to create an insurance fund to help entrepreneurs with reconstruction.
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