Ukraine unveils €1.5bn trade reinsurance scheme to unlock financing flows

Ukraine has launched a €1.5 billion trade reinsurance mechanism aimed at restoring access to trade finance and supporting cross-border commerce amid ongoing geopolitical disruption.

The scheme, led by national export credit agency Kuke, is designed to de-risk transactions and encourage lenders and insurers to re-enter the market, where capacity has been severely constrained.

By providing reinsurance coverage, the programme aims to unlock liquidity for exporters and importers operating in high-risk environments.

The move highlights the growing role of public institutions in rebuilding trade finance ecosystems in conflict-affected regions.

For the market, it represents a significant step toward restoring confidence and facilitating trade flows where private sector appetite remains limited.