In Ukraine, they offer to insure the export of agricultural products

On March 27, the Verkhovna Rada registered draft law No. 9146 "On financial mechanisms for stimulating export activity" regarding insurance for the export of food products during martial law.

This was reported by one of the authors of the document, People's Deputy of Ukraine Serhii Labaziuk.

"Together with the head of the Agrarian Committee, a project was registered in the Council - insurance of the export of agricultural products. We all support that the Export Credit Agency (ECA) should insure goods with high added value, but there are realities. For the period of the war, we propose to allow the use of EKA mechanisms for wheat, soybeans, oil (by the way, a product of processing), cake, etc.," Serhii Labaziuk wrote.

According to him, the export of agricultural products during the war for the first time overtook ferrous metals and took first place. In addition, the law of Ukraine "On Financial Mechanisms for the Promotion of Exports" has not yet had any "military adjustments". According to it, the majority of the UCT of agricultural production is prohibited for insurance.

The People's Deputy added that due to a wartime logistics failure, foreign buyers often issue fines (penalties) for late delivery. These amounts fall on the shoulders of producers.

On March 27, the Verkhovna Rada registered draft law No. 9146 "On financial mechanisms for stimulating export activity" regarding insurance for the export of food products during martial law.
This was reported by one of the authors of the document, People's Deputy of Ukraine Serhii Labaziuk.
"Together with the head of the Agrarian Committee, a project was registered in the Council - insurance of the export of agricultural products. We all support that the Export Credit Agency (ECA) should insure goods with high added value, but there are realities. For the period of the war, we propose to allow the use of EKA mechanisms for wheat, soybeans, oil (by the way, a product of processing), cake, etc.," Serhii Labaziuk wrote.
According to him, the export of agricultural products during the war for the first time overtook ferrous metals and took first place. In addition, the law of Ukraine "On Financial Mechanisms for the Promotion of Exports" has not yet had any "military adjustments". According to it, the majority of the UCT of agricultural production is prohibited for insurance.
The People's Deputy added that due to a wartime logistics failure, foreign buyers often issue fines (penalties) for late delivery. These amounts fall on the shoulders of producers.
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