As Ukraine’s reconstruction accelerates, the European Bank for Reconstruction and Development (EBRD) is taking a central role in financing critical infrastructure, transportation corridors, utilities and essential public facilities. For international contractors and project owners, this represents a once-in-a-generation construction opportunity — yet one that comes with heightened geopolitical, operational, supply-chain and compliance risks. Projects must navigate active-conflict considerations, sanctions regimes, corruption-prevention frameworks, workforce and logistics disruption, and the challenge of building in an environment where the physical and regulatory landscape continues to evolve. Understanding the risk expectations of the EBRD and other multilateral development institutions is now essential for firms seeking to participate.

From a risk-transfer perspective, insurance and contractual structuring play an increasingly critical role in enabling participation in Ukraine’s rebuild. This presentation will explore how political risk, war and terrorism cover, CAR/ear, credit risk, cyber, environmental liability and PI policies will need to adapt to the region’s unique exposures.