Ukraine's Ministry of Economy and Environment is preparing amendments to the state war risk insurance and compensation program administered through the Export Credit Agency (ECA). One of the key proposals is to extend insurance coverage to agricultural machinery and heavy-duty trucks, providing additional protection for farmers operating in high-risk areas. The draft amendments have already been submitted for interagency review and are expected to be considered by the Cabinet of Ministers.
In addition to farm machinery, the ministry proposes extending the program to Kyiv and the Kyiv region, allowing leased property to be insured, and broadening coverage for the fuel sector. The expanded list would include fuel storage tanks, fuel inventories, fuel in transit, and vehicles used for fuel transportation.
Another significant proposal concerns state financial support. The maximum amount of compensation that businesses can receive to cover insurance premiums would be increased to UAH 5 million. At the same time, the maximum insurance coverage under the program would remain UAH 30 million, a limit that many businesses consider too low given the scale of wartime risks.
For Ukraine's agricultural sector, adding farm machinery to the program could substantially reduce financial risks. If approved, the changes would enable farmers to insure expensive agricultural equipment against war-related damage while lowering insurance costs through higher state compensation of insurance premiums.