Business in Ukraine Becomes More Riskful

Professional ServicesInsurance ♦ Published: April 22, 2014; 13:41 ♦ (Vindobona)

Insurance companies warn export companies that wanting to arrange for insurance of defaults in payment obligations or political unrest right now is coming too late.

Many insurance companies consider Ukraine too riskful to offer new coverage in case of defaults. / Picture: © Wikimedia Commons / Danny Cornelissen []

The export of goods to Ukraine has become riskful since the outbreak of the political crisis on Crimea. The danger of defaults in payments by the supplied costumers in Ukraine has for a long time been considerably high than in Russia, insurance companies report.

According to Karolina Offterdinger, CEO of OeKB Insurance, an affiliate of Oesterreichische Kontrollbank (OeKB), there…