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Ukraine Finance Chief Sees Urgent Need for War-Risk Insurance

July 7, 2023

Ukraine’s wartime defense spending will remain high next year, underscoring the need for allies to provide war-risk insurance to help attract investment, the nation’s finance minister said.

“Without international support, without war-risk insurance, we will not attract as much investment as we need for reconstruction,” Finance Minister Serhiy Marchenko told Bloomberg Television on Friday. “We need investment right now — we don’t need to wait until the war ends, because otherwise we will not receive initial boost for this victory.”

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