For civilian ships that call at Ukrainian ports will be reimbursed for possible losses

The Verkhovna Rada has supported amendments to the Law of Ukraine “On the State Budget of Ukraine for 2023” that provide charterers, operators and/or owners of ships and inland navigation vessels with guarantees of compensation for damage caused by Russian aggression. Up to UAH 20 billion is provided for these purposes, according to the Ministry of Communities, Territories and Infrastructure of Ukraine.

“Today, MPs have taken an important step towards the full restoration of civilian navigation in the Black Sea. Together, we are looking for ways to ensure the operation of Ukrainian ports and expand the range of goods for trade. I am confident that the launch of the risk compensation guarantee will be a powerful signal for the stabilization of the Ukrainian and global economy,” commented the head of the agency, Alexander Kubrakov.

The amendments apply to vessels flying both the Ukrainian and foreign flags. Funds for compensation will be allocated by the Ukrainian government.

As previously reported, last year the MIA received UAH 250 million to compensate for the damage caused by the enemy.