Ministers support guarantees for war-affected exporters

(CIANEWS) - The government supported the draft amendment to the law on insurance and financing of exports with state support and approved the amendment to the law on the Supreme Audit Office. The norms are to allow for greater liquidity support for companies affected by the impact of Russian aggression on Ukraine in the form of subsidised state guarantees for investment loans or working capital loans through the Export Guarantee and Insurance Corporation (EGAP). The amendment is to ensure that loan guarantees under the conditions that applied due to the Covid-19 pandemic can be used in other emergencies by government decision.



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