---
title: "Koretskyi: Direct Business Losses from Russian Attacks in 2026 Could Reach $8 Billion — Cabinet Prepares War Risk Insurance Fund"
description: "PM Koretskyi stated that direct business losses from Russian attacks in 2026 could hit $8 billion. The Cabinet is preparing a War Risk Insurance Fund with the World Bank."
date: 2026-11-13T17:29:31.598Z
lang: en
url: https://xab.info/en/posts/koretskyi-8bn-business-losses-war-risk-insurance
tags: [ukraine, business, war-economy, insurance-fund, world-bank, korytskyi, nabu, vat-reform]
author: "Darya Fomina"
publisher: "XAB.info"
---

# Koretskyi: Direct Business Losses from Russian Attacks in 2026 Could Reach $8 Billion — Cabinet Prepares War Risk Insurance Fund

![Serhii Koretskyi speaks at a government meeting regarding business war risk insurance.](https://xab.info/media/2026/11/13/koretskyi-8-mlrd-poteri-biznesa-fond-strahovaniya-voennykh-riskov/koretskyi-8-mlrd-poteri-biznesa-fond-strahovaniya-voennykh-riskov-1.webp)

## Key Points

- Direct Ukrainian business losses from Russian attacks in 2026 could reach $8 billion — Prime Minister Koretskyi's estimate
- The Cabinet is preparing to launch a War Risk Insurance Fund combining affordable insurance and partial damage compensation
- Funding and insurance model issues discussed with World Bank Managing Director Anna Bjerde
- NBU records the destruction of ~800k sq. m of warehouse space in Q3 2026 alone and estimates foreign trade losses at $6.6 billion
- On November 11, the Verkhovna Rada adopted a law simplifying VAT for individual entrepreneurs and businesses

Direct losses for Ukrainian business as a result of Russian attacks in 2026 could total 8 billion dollars. This was stated by Prime Minister of Ukraine Serhii Koretskyi, while announcing the Cabinet of Ministers' preparation for the launch of a special War Risk Insurance Fund. According to him, Russia is intensifying strikes against Ukrainian enterprises and infrastructure, which is causing significant damage to the country's economy. "Ukraine's resilience is built on our Defense Forces and the ability of businesses to operate, maintain jobs, and pay taxes. By our estimates, direct business losses in 2026 could reach 8 billion dollars. Therefore, protecting enterprises from war risks is one of our priorities," Koretskyi noted on his Telegram channel.

### War Risk Insurance Fund: How It Will Work

The government is already working on the creation of a War Risk Insurance Fund, which will combine two key mechanisms: providing affordable insurance for entrepreneurs and offering partial compensation for damages already sustained. According to RBC-Ukraine, during a working meeting, the parties discussed various financial instruments to capitalize the fund. Ukraine and the World Bank will continue to develop an effective model, which is planned to attract international financial institutions and the insurance market. Thus, the state intends to create a multi-level protection system that will allow businesses not only to obtain insurance coverage for the future but also to compensate for losses already incurred during the hostilities.

### Meeting with World Bank Leadership

The Prime Minister discussed the issue of protecting businesses from war risks with Anna Bjerde, Managing Director of Operations at the World Bank. During the negotiations, the parties reviewed a wide range of financial instruments that could be used to form the capital of the new fund. Special attention was paid to the SPUR 2.0 program and finding new donors to expand financial assistance to Ukraine. Koretskyi emphasized that the previous SPUR program had proven itself well, so cooperation in this direction will continue. The attraction of international financial institutions, according to Kyiv's plan, should ensure the fund's sustainability and reduce the burden on the state budget.

### Context: Scale of Damage According to NBU Data

The government's estimates fit into the broader picture of economic damage recorded by the National Bank of Ukraine. According to the NBU's October Inflation Report, about 800 thousand square meters of warehouse space were destroyed in the third quarter of 2026 alone; in total, losses of warehouse space since 2022 have reached 2.1 million sq. m. In July–September 2026, 153 cases of targeted damage to warehouse facilities were recorded. Rental rates for high-quality warehouse space have increased by 12–13% over several months. In addition, the NBU estimates Ukraine's foreign trade losses at 6.6 billion dollars due to attacks and port blockades, and expects inflation to increase by an additional 0.7 percentage points. The most significant blow, according to the regulator, was dealt to the metallurgical industry.

### Supporting Decisions: Tax Regime Simplification for Business

Against the backdrop of preparing the insurance fund, the Verkhovna Rada supported a law on VAT simplification for individual entrepreneurs and businesses on November 11, 2026. The document provides for automatic filing of tax reports in the electronic cabinet, raising the threshold for tax audits from 100 thousand to 1 million hryvnias, and the right for entrepreneurs to choose their own reporting period — monthly or quarterly. These measures, according to lawmakers, should reduce the administrative burden on businesses that are already operating under conditions of heightened uncertainty due to war risks.

## Fact-Check & Sources

- [Потери бизнеса из-за атак РФ в 2026 году могут достичь 8 млрд долларов, - Корецкий](https://www.rbc.ua/ukr/news/vtrati-biznesu-cherez-ataki-rf-2026-rotsi-1794585746.html) - Primary source. Prime Minister Koretskyi's statement on $8 billion and the insurance fund. Confirmed by the nameplate in the photo.
- [Минус $6,6 млрд и новая волна подорожания: как российские атаки ударили по экономике Украины](https://unn.ua/ru/news/minus-dollar66-mlrd-i-novaya-volna-podorozhaniya-kak-rossiiskie-ataki-udarili-po-ekonomike-ukraini) - NBU estimate of $6.6 billion in foreign trade losses and inflation impact (+0.7 p.p.). Used as context.
- [Российские атаки в III квартале уничтожили около 800 тыс. кв. м складских площадей в Украине – НБУ](https://ru.interfax.com.ua/news/economic/1232385.html) - Data from the NBU October Inflation Report: 153 cases of warehouse damage in Q3, 2.1 million sq. m since 2022, rental growth of 12–13%.

## FAQ

### How much does the government estimate business losses will be in 2026?

Prime Minister Serhii Koretskyi estimates direct business losses from Russian attacks in 2026 at 8 billion dollars.

### What is the War Risk Insurance Fund and when will it launch?

It is a mechanism the Cabinet is currently preparing. The fund will combine affordable insurance for entrepreneurs and partial compensation for damage already caused. No specific launch date was mentioned.

### Who will participate in funding the fund?

Ukraine and the World Bank are discussing the involvement of international financial institutions and the insurance market.

### What NBU data confirms the scale of the damage?

According to the October Inflation Report, 800,000 sq. m of warehouse space were destroyed in Q3 2026, with total losses since 2022 reaching 2.1 million sq. m. Foreign trade losses are estimated at $6.6 billion.