Ukraine Fund

/UPDATED/

By Resolution of the Government of the Czech Republic no. 196 dated March 30, 2026, and by an instruction from the Ministry of Finance, as the sole shareholder, dated April 13, 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 forth below.

Under the Ukraine program, a maximum insurance exposure of CZK 639 million per country was confirmed for new business cases.

At the same time, an expansion of the types of insurance available under the applicable General Insurance Terms and Conditions was approved, including:

• insurance of bank guarantees related to exports and investments (GITC Z),

• insurance of confirmed letters of credit or the purchase of receivables from letters of

credit (GITC E)

• insurance of a credit for pre-export financing and enhancing international competitiveness (GITC F)

Other changes approved by Government Resolution No. 196 of March 30, 2026, include:

• standard insurance terms and conditions in accordance with the relevant General Insurance Terms and Conditions, without an assessment of the territorial risk in Ukraine,

• the definition of an "exporter" has been expanded to include export-oriented enterprises and guarantors,

• extension of the maximum insurance period to 2 years (originally 1.5 years),

• Standard reinsurance requirements apply to General Insurance Terms and Conditions (GITC) F and Z,

• Standard rules apply to products F, E, and Z, i.e., acceptance of risk sharing by the insured bank (the debtor or guarantor for these products is a Czech entity),

• The risk assessment no longer includes verification of a positive payment history with the importer or an assessment of whether the debtor/buyer has authorization from Ukrainian authorities to settle its obligations abroad / the Czech Republic.

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