By KYIV. Nov 21 (Interfax-Ukraine) – The National Bank of Ukraine (NBU) is working on adjusting its restrictions on reinsurance abroad, NBU First Deputy Governor Kateryna Rozhkova said at the Ukrainian Investment Roadshow conference last week in London.
"Now we are working on the possibility of opening reinsurance for insurance companies," she said, commenting on the complaints voiced by the head of IFC in Ukraine Olena Voloshyna.
Rozhkova explained that the restrictions on the foreign exchange market, which became a barrier to reinsurance abroad, were introduced after full-scale Russian aggression in order to avoid unproductive capital flows.
According to her, the work on their adjustment is divided into two main parts. The first is the permission for Ukrainian insurance companies to fulfill their obligations under contracts that were concluded before February 24, 2024.
"And the second big part that we started discussing with the Ministry of Economy is how to restore reinsurance during the war. I hope that we can create some criteria for contracts and for companies, that if companies and contracts meet these criteria, we will open these deals," the first deputy governor of the NBU said.
At the same time, Rozhkova said that maintaining macro stability and international reserves remains the most important factor in working on such a correction.
