On Monday, Germany announced in Berlin that it will expand the scope of investment guarantees for these companies.
Going forward, the German government will not only provide insurance against property damages and complete investment losses but will also cover risks related to currency transfers and cash flow when paying interest and repaying loans granted to the companies in a manner akin to equity participation.
This will apply to long-term loans used by German companies, according to the ministry, in addition to regular equity participation to finance Ukrainian companies they own.
The ministry stated that expanding the scope of government insurance has become possible because the National Bank of Ukraine has lifted certain restrictions on cash and foreign currency transfers.
German Minister of Economy, Robert Habek, affirmed that as economic relations with Ukraine strengthen, it becomes possible to start early work on Ukraine’s reconstruction.
