France presented a bilateral mechanism for insuring investments in Ukraine. The French state-owned insurance company Bpifrance Assurance Export will insure French companies willing to invest in Ukraine and take an active part in the country's restoration without waiting for the war to end.
Any company operating under French law and making a long-term investment abroad in a new or existing company, or any credit institution providing a bank loan to a foreign subsidiary, is eligible for this investment insurance. It protects investors or lending institutions against the risks of property damage or non-payment, non-transfer, expropriation, or political violence. The insurance covers up to 95% of the loss of investor assets or receivables.
In addition, France continues to negotiate with partners to support Ukraine's economy and mobilize innovative financial instruments for Ukraine's recovery.
Ukraine’s Ministry of Economy considers this to be a sign of renewed interest from the French commercial sector in working in Ukraine.
"This decision is a signal to French companies that they can enter the Ukrainian market more actively," said Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine.
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