Russian attacks could cost Ukrainian businesses $8 billion in 2026
Ukrainian Prime Minister Serhii Koretskyi (photo: facebook.com/sergii.koretskyi.page)
Direct losses suffered by Ukrainian businesses due to Russian attacks could reach $8 billion in 2026. In response, the Ukrainian government is preparing to launch a special war-risk insurance fund, according to Ukrainian Prime Minister Serhii Koretskyi.
According to him, Russia is intensifying its strikes on Ukrainian businesses and infrastructure, causing significant damage to the economy.
He discussed business protection with World Bank Managing Director of Operations Anna Bjerde.
"Ukraine's resilience rests on our Defense Forces and the ability of businesses to operate, preserve jobs, and pay taxes. According to our estimates, direct business losses in 2026 could reach $8 billion. That is why protecting businesses against war-related risks is one of our priorities," Koretskyi said.
The government is already working to establish a War Risk Insurance Fund. It will combine support for affordable insurance for businesses with mechanisms to partially compensate for losses already incurred.
During the meeting, the parties discussed various financial instruments to fund the initiative.
Ukraine and the World Bank will continue developing an effective model, with plans to involve international financial institutions and the insurance market.
The talks also focused on the SPUR 2.0 program and finding new donors to expand financial assistance to Ukraine.
Koretskyi emphasized that the previous program had proven successful, so cooperation in this area would continue.
