The Cabinet of Ministers is urgently convening representatives of the Ukrainian business community following an overnight Russian attack that caused widespread damage to civilian enterprises and logistics facilities. This was announced by Prime Minister Serhiy Koretskyi on 5 August. During the consultations, the authorities plan to assess the damage suffered by companies, their recovery needs and potential risks to the supply of goods.
Briefly about the main points
- The government is holding consultations with companies in the wake of the night-time strike.
- The authorities will be collecting data on damage, jobs and the resumption of operations.
- Warehouse, logistics and production facilities have been damaged.
- It took several hours to bring the fires at certain sites under control.
- Support measures are expected to be put in place following an assessment of the damage and consultations.
What the government wants to find out from companies
The authorities are hoping to obtain first-hand information from the owners and managers of the affected businesses. The discussion will focus on the extent of the damage, the prospects for resuming operations, the preservation of jobs and the risks to the supply of goods.
This information is intended to identify the business sector’s most pressing needs in the wake of the attack. The Prime Minister did not specify in his statement when the consultations would take place or provide a full list of participants.
Damage to warehouses is hampering operations and deliveries
As a result of attacks Warehouse, logistics and production facilities were damaged or destroyed. Large-scale fires broke out at some sites, and it took several hours to bring them under control.
Through damage to logistics facilities Companies may face supply disruptions, the relocation of operations to other sites and additional recovery costs. Essential goods, foodstuffs, building materials, parcels and other civilian goods pass through these facilities.
The pace at which supply chains and production capacity are restored will affect order fulfilment, staff operations and the availability of goods to consumers.
Details of the support are expected following an assessment of the damage
The government has not yet announced any specific measures to assist affected businesses. It is expected that details will be provided following consultations with the business community and an assessment of the damage caused.
A number of recovery measures are already in place for businesses, including a specific strand of the «Affordable Loans 5-7-9%» programme and a grant scheme for manufacturers to purchase new equipment. No separate announcement has been made regarding the application of these measures to companies affected by this attack.
The next step should be for the government to take decisions based on the information gathered from the business sector.
