UK Eyes War-Risk Insurance Scheme for Ukraine’s Reconstruction
- June meeting aims to lure government, company funding
- Planners struggling to secure concrete commitments on aid
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The UK is drawing up a war-risk insurance scheme that it hopes will convince investment companies as well as tech, energy and defense firms to back Ukraine’s reconstruction with billions in aid, people familiar with the plans said.
Britain is hosting a Ukraine Recovery Conference in London on June 21-22, aiming to secure the backing of world leaders and executives for proposals to fund the rebuilding of the country after the war. Discussions between the UK and Ukraine’s allies in the run-up to the meeting have focused on how to encourage investment by getting governments to take on the cost of war risk insurance, the people said.