#War Risk Insurance

Prime Minister Koretskyi stated that there is no consensus in parliament to raise VAT from 20% to 21%, so the Cabinet is looking for alternative funding sources for the war risks insurance fund.

International holding NEQSOL is negotiating with DFC and other entities on war risk insurance to protect investments in UMCC and expand its resource base.

Prime Minister Serhiy Koretsky explained that a 1% VAT increase in Ukraine's 2027 budget is necessary to finance business war risk insurance totaling about $1 billion.

Ukrainian Prime Minister Serhiy Korytskyy announced the inclusion of Kyiv and Kyiv Oblast in the list of high-risk territories. The measure gives business access to insurance against military risks and compensation of up to 5 million hryvnia.

The draft 2027 budget includes a possible VAT increase to 21% and a rise in the fuel excise duty to create a fund insuring businesses against military risks. Experts warn of a 5–7% price increase.