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The Cabinet of Ministers plans to establish a special fund to insure businesses against war-related risks, although funding it may require a 1-percentage-point increase in value-added tax (VAT).
Source: Oleksandr Kravchenko, Ukraine's Minister of Economy and the Environment, at a press conference on 11 September
Quote: "According to our estimates, business losses from attacks could reach US$10 billion this year. That's an unprecedented scale.
We understand that the programmes we currently have – the loss compensation programme, and the 5-7-9% preferential lending scheme – can't meet the needs of all businesses. They work for small and medium companies, but don't cover the needs of large businesses."
