{"id":1438914,"date":"2026-09-12T13:42:18","date_gmt":"2026-09-12T10:42:18","guid":{"rendered":"https:\/\/prm.ua\/the-government-plans-to-raise-taxes-due-to-russian-attacks-on-businesses\/"},"modified":"2026-09-12T13:42:18","modified_gmt":"2026-09-12T10:42:18","slug":"the-government-plans-to-raise-taxes-due-to-russian-attacks-on-businesses","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/the-government-plans-to-raise-taxes-due-to-russian-attacks-on-businesses\/","title":{"rendered":"The government plans to raise taxes due to Russian attacks on businesses."},"content":{"rendered":"

Ukrainian businesses could suffer losses of $10 billion due to Russian attacks in 2026. The government plans to create a special insurance fund to cover military risks, but may propose increasing the value-added tax to fill it.<\/strong><\/p>\n

Minister of Economy and Environment Oleksandr Kravchenko announced this during a meeting with journalists, reports a hromadske correspondent.<\/p>\n

“We estimate that damage to businesses as a result of attacks this year could reach $10 billion. This is an unprecedented scale,” the minister said.<\/p>\n

According to him, current support mechanisms, in particular the loss compensation programs and the 5-7-9% preferential lending programs, are insufficient. They are primarily targeted at small and medium-sized businesses and do not cover the needs of large enterprises.<\/p>\n

The Ministry of Economy plans to expand existing programs, but the government’s capabilities are limited due to a lack of budgetary resources.<\/p>\n

Therefore, the government is proposing to create an insurance fund to help businesses quickly recover from Russian attacks. It will cover so-called initial damage\u2014businesses will be able to receive up to $10 million per group of companies.<\/p>\n

“We won’t be able to compensate every enterprise for 100% of the damage. But we can create a system that will provide businesses with guaranteed start-up capital for a rapid recovery. This will ensure funds are available to quickly restore critical equipment, retain personnel, and avoid losing contracts,” Kravchenko explained.<\/p>\n

The insurance cost is planned to be set at 2% of the coverage amount within a certain limit. Private insurance companies are also expected to participate in the program.<\/p>\n

Insurance payments are expected to begin on January 1, 2027. However, this will depend on whether the necessary funding sources can be found by then.<\/p>\n

The fund’s total capital is planned to be $2\u20133 billion. According to Kravchenko, there are currently no available budgetary funds to fill it.<\/p>\n

In this regard, the government is considering increasing VAT. The minister called this the only solution that would quickly raise the minimum necessary funds to support businesses amid intense Russian shelling.<\/p>\n

At the same time, Kravchenko emphasized that there is no final decision yet on raising taxes\u2014the issue is still under discussion. <\/p>\n

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Ukrainian businesses could suffer losses of $10 billion due to Russian attacks in 2026. The government plans to create a special insurance fund to cover military risks, but may propose increasing the value-added tax to fill it. Minister of Economy and Environment Oleksandr Kravchenko announced this during a meeting with journalists, reports a hromadske correspondent. […]<\/p>\n","protected":false},"author":24,"featured_media":1438122,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76871,76872,76874,76875,76892],"class_list":["post-1438914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2","category-news-feed","category-war","category-other-news","category-economy"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1438914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1438914"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1438914\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1438122"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1438914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1438914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}