European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991 to support the transition of former centrally planned economies toward market-oriented systems. Headquartered in London, it invests mainly in private-sector projects and infrastructure across a region stretching from Central Europe to Central Asia. Its shareholders include governments, the European Union and the European Investment Bank. Since 2022 the EBRD has sharply increased its engagement in Ukraine, becoming one of the largest external investors supporting the country's economy and energy infrastructure.
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Ukraine's PM ties 2027 VAT hike to war-risk insurance fund for businesses hit by Russian strikes
Prime Minister Serhiy Koretsky said a planned 1-percentage-point increase in Ukraine's standard VAT rate, from 20% to 21% under the draft 2027 state budget, is needed to finance a new fund that would promptly compensate businesses for damage caused by Russian missile and drone strikes. Speaking to TSN.Tyzhden, he said Ukraine plans an initial state contribution of about $1 billion, with the government expecting international partners to add roughly four times that amount for a total fund of about $5 billion.
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Ukraine plans $2–3 billion war-risk insurance fund for businesses, partly funded by VAT hike
Ukraine's Minister of Economy Oleksandr Kravchenko announced plans for a $2–3 billion insurance fund to compensate businesses for losses from Russian attacks, with payouts targeted to begin on January 1, 2027. The government proposes funding part of the fund by raising VAT from 20% to 21%, a politically sensitive move that has not yet been finalized.