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Japan's NEXI stands ready to expand war risk insurance for Ukraine's recovery

Ukraine Government

Ministry of Economy, Environment and Agriculture of Ukraine, posted 21 October 2025 17:42

On October 21, 2025, a working meeting was held in Tokyo between a Ukrainian delegation led by Minister of Economy, Environment, and Agriculture Oleksii Sobolev and Chairman and CEO of the Japan Export-Credit Agency (NEXI) Atsuo Kuroda.

The parties discussed expanding cooperation in the field of investment and export insurance, which is key to attracting Japanese investment and technology to rebuild Ukraine's industry and infrastructure.

Key topics included:

• Insurance of military risks. Due to restrictions on sovereign guarantees, Ukraine is already using alternative mechanisms - EU guarantees through the Ukraine Facility, as well as risk sharing with the EBRD and IFC.
• Insurance premium compensation. Ukraine is preparing to introduce compensation for companies throughout Ukraine where insurance companies operate. A special component of direct compensation will apply to frontline regions. This will make insurance, in particular NEXI, more accessible.
• Industrial recovery. Ukraine is interested in using NEXI tools to insure the supply of Japanese equipment under the Industrial Ramstein initiative.
• Guarantees for housing construction. The possibility of cooperation with NEXI on guarantees for housing construction, in particular within the framework of the eOselia program, was discussed.
• International coordination. An agreement was reached to expand cooperation with other export credit agencies, in particular Poland's KUKE and the UK's UKEF.

"Enhancing cooperation with NEXI is a step towards unlocking Japanese investment and supporting industrial recovery. War does not cancel development, quite the contrary. We are actively looking for solutions that allow us to attract financing and launch projects as early as today," said Oleksii Sobolev, Minister of Economy, Environment and Agriculture of Ukraine.

NEXI already covers about half of Japanese exports and investments in Ukraine. The meeting confirmed Japan's readiness to become more actively involved in projects that are critical to the country's economic stability and recovery.