Ukraine Fund

By Resolution of the Government of the Czech Republic No. 471 of 20 July 2026, and by an instruction from the Ministry of Finance, as the sole shareholder, on 26 August 2026, the Ministry of Finance instructed the Board of Directors of EGAP to continue providing credit risk insurance for Ukraine under the revised terms and conditions set out below.

Under the Ukraine programme, the maximum insurance exposure for new transactions has been increased to CZK 1,000 million per country.

An overview of the basic conditions of insurance under the Ukraine Fund:

Possible insurance types according to the General Insurance Terms and Conditions	Insurance of short-term export supplier credit against the risk of non-payment "B" (90 % insurance cover, 10 % deductible) Insurance of bank-financed supplier credit against the risk of non-payment "Bf" (95 % insurance cover, 5 % deductible) Insurance against the risk of the impossibility of performance of the Export Contract "V" (85 % insurance cover, 15 % deductible) Credit insurance for pre-export financing and enhancing international competitiveness "F" (insurance coverage 80 %, deductible 20 %) Insurance of guarantees related to exports and investments "Z" (Insurance coverage varies by type of guarantee and type of drawdown (80–95%), with a deductible of 5–20%) Insurance of a confirmed letter of credit or the purchase of receivables under a letter of credit "E" (insurance coverage 95 %, deductible 5 %)
Subject of export	Goods and services under the Export Contract
Maximum insured value	5 mil. EUR The insured risk is limited to a single foreign buyer / debtor / exporter / export-oriented enterprise / guarantee applicant, up to a total amount of EUR 5 million
Maximum insurance period	Risk duration up to 2 years or the maximum repayment term of the insured credit. For other types of insurance, this refers to the duration of coverage under the insurance policy
Minimum collateral structure	due to the product character (VPP B, Bf, V, E) without further reinsurance standard requirements for reinsurance in GITC F and Z

Additional conditions:

Geographical aspect—the importer must be located outside a war zone during the insurance period; the mode of transport is not restricted,
Excess in the standard amount according to the specific insurance product, with the proviso that the insured bank is not required to contribute to the excess amount for Product Bf and may transfer this to the exporter,
For products F, E, and Z, standard rules apply, i.e., acceptance of risk co-insurance by the insured bank (the debtor or guarantor for these products is a Czech entity).

The assessment of the insurability of a Ukrainian debtor will be conducted in accordance with EGAP's standard internal methodology* based on:

an assessment of the current financial situation based on financial statements for the last 3 years,
the assignment of an acceptable internal rating and EGAP limit,
verification of the importer's existence and its registered office or operations outside the war zone.

*For individual insured transactions, the current territorial risk of Ukraine will not be applied or assessed.

This offer does not constitute a commitment to provide insurance. There is no legal entitlement to export credit risk insurance.

Apply here:

Insurance of a Short Term Export Supplier Credit against the Risk of Non Payment