The war has almost entirely halted the workings of Ukraine’s insurance market, which must be unlocked to private investors if its economy is to recover from the ravages of the conflict, the ministry said. Photo: Yang Cheng-yu, Taipei TimesTaiwan, Ukraine and other partners agreed that the ERBD should establish the Ukraine Recovery Guarantee Facility to make insurance products available in Ukraine while reducing risks to private insurers involved in the effort, the ministry said. The nation’s signing of the joint statement attested to Taiwan’s commitment to helping Ukraine, it said. In aiding Ukraine’s economic recovery Taipei is demonstrating once again that Taiwan can help, it said. The nation strives to be a force for good and Taipei is dedicated to providing aid to maintain Ukraine’s economy during the war and post-war reconstruction, it said.
