The situation is especially acute when it comes to transport liability insurance as reinsurers have withdrawn from the market, which poses a problem for logistics companies, said Michael Harms, managing director of the German Eastern Business Association.
The association's demand follows German Economy Minister Robert Habeck's promise during a visit to Kyiv this week to provide German companies investment guarantees in Ukraine as part of reconstruction efforts. Russia's February 2022 invasion of Ukraine has caused large-scale damage."Company representatives say that these investment guarantees are necessary in order to get investment decisions through the board of directors," said Harms, who travelled with Habeck to Kyiv.
no risk no fun