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UK PM Unveils War-Risk Insurance Scheme to Spur Ukraine Reconstruction

June 22, 2023

UK Prime Minister Rishi Sunak announced the creation of a framework for war-risk insurance backed by the Group of Seven and designed to encourage private investors to help rebuild Ukraine.

Speaking at the opening of the Ukraine Recovery Conference in London on Wednesday, Sunak said that while Russia must pay for the destruction it has inflicted during its invasion of its neighbor, a partnership of governments, international financial institutions and business leaders is also needed to underpin the nation’s reconstruction.

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