It will soon be two years since Russia invaded Ukraine. In an effort to create an environment where it is easy for Japanese companies to expand into Ukraine in order to provide reconstruction assistance, Nippon Export and Investment Insurance will compensate for losses based on the insurance premiums paid if a company suffers damage. We have established a new underwriting limit for ``Overseas Investment Insurance,'' and are making adjustments to increase the amount to 150 billion yen.
Nippon Export Insurance, a government-affiliated insurance company, collects insurance premiums from companies and sells a special type of insurance called "Overseas Investment Insurance" in case a Japanese company's overseas bases are damaged due to war or terrorism. doing.
The challenge is that investment and financing in Ukraine is high risk as Russia's invasion continues.
For this reason, Nippon Export and Investment Insurance is making adjustments to establish a new underwriting limit of 150 billion yen for "overseas investment insurance" for Ukraine in order to support the expansion of Japanese companies by utilizing insurance that can cover losses. doing.
The period is 5 years, and if a Japanese company is involved in an attack or terrorist attack in Ukraine, losses will be compensated according to the insurance premium paid.
Additionally, a memorandum of understanding will be signed between Nippon Export and Investment Insurance and the European Bank for Reconstruction and Development to collaborate on the reconstruction of Ukraine at a meeting to be held in Tokyo on February 19, inviting Ukrainian government officials. This is the outlook.
The Japanese government intends to take the necessary measures to stimulate investment in Ukraine by the business community of Japan and European countries.