As of the end of 2024, the total direct losses in the Kharkiv, Donetsk, Luhansk, Zaporizhzhia, and Kherson regions exceeded 116 billion US dollars. In addition to these regions, Mykolaiv, Sumy, Chernihiv, Dnipropetrovsk, and Odesa regions are also in a state of heightened danger and risk to life and business.
This is reported by Business • Media
Legislative Initiatives to Support Frontline Regions
The President recently signed a law that provides for the establishment of a National Development Institution (NDI). Its goal is to create new opportunities for frontline regions to access various financial instruments, which will facilitate their reconstruction and economic recovery.
“The Association of Frontline Cities and Communities welcomes this decision and proposes to allocate a separate targeted direction in the work of the NDI, namely to create a Recovery Fund for frontline cities and communities,” the statement reads.
Main Functions and Tasks of the Future Fund
The planned Recovery Fund is set to become a single center that will unite all necessary financial instruments to support frontline territories. This includes insurance, lending, grant provision, compensation, and investment mechanisms. As a result, the Fund will be able to promptly compensate for losses, cover insurance premiums, finance critically important infrastructure projects, and support entrepreneurs in these regions without waiting for changes in national procedures.