The Cabinet of Ministers of Ukraine has made a decision that changes the operational principles of the Export Credit Agency (ECA) within the country’s financial system. From now on, the agency will have broader powers in shaping its own policy for insuring investment loans — from developing terms to defining the list of risks.
This is reported by Finway
“This essentially represents a shift from rigidly defined government rules to internal regulation at the agency level through decisions made by the supervisory board.”
Previously, the work of the ECA was regulated by Resolution No. 388, which allowed for the insurance of only military and political risks, creating limitations for banks and companies in implementing long-term investment projects. The new changes eliminate these constraints, allowing the agency to:
- independently expand the range of insurance products,
- add new types of risks depending on the economic situation,
- respond quickly to market needs.
New Opportunities for Businesses and Investors
The Minister of Economy, Environment, and Agriculture, Oleksiy Sobolev, emphasized that the expansion of powers opens additional opportunities for financing enterprises. This pertains to funding projects for modernizing production, rebuilding damaged facilities, and launching new export-oriented directions. The expanded insurance coverage will allow banks to reduce their own risks, while companies will increase their chances of obtaining necessary investment loans.
Support from the Regulator and Impact on Exports
A key role in the new model is assigned to the National Bank of Ukraine: the regulator recognizes ECA insurance products as full collateral for loans. This creates conditions for businesses to obtain financing without the need for traditional collateral, which has been one of the main barriers for investors.
The changes occur against the backdrop of the agency’s increasing significance in economic development. In 2025, the ECA supported Ukrainian non-raw material exports amounting to 10.43 billion hryvnias, which is 40% higher than the previous year’s figure. The agency is gradually transforming from a narrowly specialized insurance tool into a full-fledged mechanism of state support for producers and exporters, becoming an important part of the “Made in Ukraine” policy.
At the same time, the Ministry of Economy, Environment, and Agriculture has begun to formulate a new Medium-Term Plan for Priority Public Investments for 2026-2028, the development of which started with a series of consultations with central executive authorities to determine strategic directions for development and investment in key sectors of the economy.