The Cabinet of Ministers of Ukraine is allocating UAH 16.6 billion (US$590,323,556) to guarantee the safety of flights in Ukraine's airspace, Prime Minister Denys Shmyhal has said.
He wrote this on Telegram, according to Ukrinform.
"Today, at an extraordinary meeting, we approved changes to the use of funds from the state budget's reserve fund. We also allocated funds to ensure flight safety in Ukraine for insurance and leasing companies," Shmyhal added.
He said this decision would help stabilize the situation in the market for passenger air transportation and guarantee the return to Ukraine of Ukrainian citizens who currently stay abroad.
Earlier reports said that the Ministry of Infrastructure of Ukraine had prepared draft government decisions to address the situation caused by the announcement of the world's largest insurance companies that within 48 hours they will terminate the insurance of aircraft for flights in Ukraine's airspace.
On February 12, 2022, the world's largest insurance companies informed Ukrainian airlines that they would terminate the insurance of aircraft for flights in Ukraine's airspace within 48 hours.
The Ministry of Infrastructure of Ukraine said earlier that the sky over Ukraine remains open, with the government working to prevent risks for airlines. The ministry stressed that reports about the closure of Ukraine's airspace were untrue.
