On December 20, 2016 Verkhovna Rada of Ukraine adopted a law № 1792-VIII “On ensuring large-scale expansion of exports of goods (works, services) of Ukrainian origin by means of insuring, guaranteeing and decreasing in value of export credits”, which provides for the establishment of an export credit agency.
By the Resolution № 65 of the Cabinet of Ministers of Ukraine (February 7, 2018) "On establishing an Export Credit Agency" a private joint stock company Export Credit Agency (hereinafter – ECA) was established and its constituent documents were approved.
To ensure ECA’s proper functioning the Resolution № 772 of the Cabinet of Ministers of Ukraine (August 21, 2019) "On approval of the Rules of the ECA for the insurance of commercial and non-commercial risks, the reinsurance and the guarantees" was adopted.
The organizational structure of the ECA was agreed by the letter of the Ministry of Economic Development № 3241-11/35264-08 dated 21.08.2019, and a number of appointments to the managerial positions were made. The authorized capital of UAH 200 million has been formed.
The order of the Ministry of Economic Development № 1388 (13.08.2019) “On approval of provisions of insurance rules of the ECA” was signed.
On February 26, 2020 the order of the Ministry of Economy № 331 “On approval of the Regulations on insurance rates, the regulations on the composition of insurance reserves and rules of formation and use of insurance reserves of the ECA" was signed.
On March 3, 2020 the order of the Ministry of Economy № 386 “On approval of the Regulations on insurance and reinsurance rules of the ECA” was signed.
On June 4, 2020 the order of the Ministry of Economy № 1050 “On approval of the Regulations on establishing the internal rating of exporters and foreign buyers” was signed.
In order to form the ECA’s Supervisory Board, a permanent committee was formed in accordance with the order of the Ministry of Economy № 203 (06.02.2020) for competitive selection of members of the Supervisory Board of the ECA.
On July 6, 2020 the order of the Ministry of Economy № 1278 “On announcing a competitive selection of candidates for the positions of the members of the ECA’s Supervisory Board” was signed.
Ministry for Development of Economy,
Trade and Agriculture of Ukraine
01008, Ukraine, Kiyv city,
Grushevsky str., 12/2