British Prime Minister Rishi Sunak applauds as Ukraine's President Volodymyr Zelenskiy appears on the screen at the opening session on the first day of the Ukraine Recovery Conference in London, Britain June 21, 2023. Leaders and representatives from more than 60 countries are in London for a two-day conference to secure funding to help Ukraine recover from the ravages of war. Henry Nicholls/Pool via REUTERS
British Prime Minister Rishi Sunak applauds as Ukraine's President Volodymyr Zelenskiy appears on the screen at the opening session on the first day of the Ukraine Recovery Conference in London, Britain June 21, 2023. Leaders and representatives from more than 60 countries are in London for a two-day conference to secure funding to help Ukraine recover from the ravages of war. Henry Nicholls/Pool via REUTERS
British Prime Minister Rishi Sunak delivers a speech, next to British Foreign Secretary James Cleverly and Ukrainian Foreign Minister Dmytro Kuleba, at the opening session on the first day of the Ukraine Recovery Conference in London, Britain June 21, 2023. Leaders and representatives from more than 60 countries are in London for a two-day conference to secure funding to help Ukraine recover from the ravages of war. Henry Nicholls/Pool via REUTERS
British Prime Minister Rishi Sunak delivers a speech, next to British Foreign Secretary James Cleverly and Ukrainian Foreign Minister Dmytro Kuleba, at the opening session on the first day of the Ukraine Recovery Conference in London, Britain June 21, 2023. Leaders and representatives from more than 60 countries are in London for a two-day conference to secure funding to help Ukraine recover from the ravages of war. Henry Nicholls/Pool via REUTERS
A firefighter is seen at a site of an office building damaged by a Russian missile strike, amid Russia's attack on Ukraine, in Odesa, Ukraine June 14, 2023. Press service of the State Emergency Service of Ukraine in Odesa region/Handout via REUTERS/File Photo
A firefighter is seen at a site of an office building damaged by a Russian missile strike, amid Russia's attack on Ukraine, in Odesa, Ukraine June 14, 2023. Press service of the State Emergency Service of Ukraine in Odesa region/Handout via REUTERS/File Photo

UK's Sunak announces new war risk insurance framework to boost Ukraine rebuild

June 21st, 2023 | 08:24 AM WORLD Europe 1

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By Reuters

British Prime Minister Rishi Sunak announced a new framework for war risk insurance on Wednesday, aimed at helping businesses invest in Ukraine.

"This is a huge step forward towards helping insurers to underwrite investments into Ukraine, removing one of the biggest barriers and giving investors the confidence they need to act," Sunak said at the Ukraine Recovery Conference in London.

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