Automatically translated version. May contain inaccuracies compared to the original.
5 August became a black day for Ukrainian business. As a result of a massive missile strike by the Russian Federation in the night of 5 August, at least a dozen large logistics complexes in Kyiv and the surrounding region were destroyed — from Epicentr and Rozetka to PUMA, Toyota, INTERTOP, NOVUS, LIQUI MOLY, Selypo, and Nova Poshta. The largest Rozetka distribution center warehouse in Brovary is not recoverable. Production at the Epicentr Ceramic Corporation plant is completely halted. On the same day, Prime Minister Serhiy Koretsky announced a meeting with business representatives to work out necessary solutions to ensure the uninterrupted operation of logistics companies and retail businesses. And what did they decide? They decided to decide.
“Together with business, we are working out concrete solutions to preserve the continuous operation of enterprises. In the near future, we will hold a separate substantive meeting with the leadership of the NBU, the banking sector, and the responsible ministries to discuss credit support mechanisms. Standard approaches in wartime do not work — we need fast and unconventional approaches. Alongside, we are preparing decisions on decentralizing international logistics and expanding the customs corridor. A separate area is insurance against military risks. We count on the support of international partners in developing effective mechanisms,” wrote Serhiy Koretsky as the summary of the meeting.
Perhaps the newly appointed prime minister is not aware, but since 1 December 2025 of the year, the “Procedure for Providing Partial Compensation for the Cost of Property of Economic Entities Damaged or Destroyed as a Result of Armed Aggression by the Russian Federation, as well as Partial Compensation of Insurance Premiums under War Risk Insurance Contracts,” has come into force, approved by the Cabinet of Ministers of Ukraine in accordance with the resolution dated 28 November 2025 of the year No. 1541. Later, the Government approved a decision to improve the mechanism for insuring property against war risks. Changes enter into force and extend to property damaged or destroyed from 1 January 2026 of the year. The first five applications from business for this program are already in process. About this 30 January reported Prime Minister of Ukraine Yulia Svyrydenko.
An informant on off-records terms spoke with representatives of the business, which tried to use this program. If you drop all the unprintable words, their experience can be summarized like this — there are many papers, but no money!
What we did not hear in the prime minister’s words are promises of tax holidays or customs privileges for those affected. After all, so far owners of businesses burned out by shelling, holding a certificate from the Chamber of Commerce and Industry about force majeure, were still forced to explain to the Tax Service where the profits for this period disappeared. And given the latest innovations, when the tax authority can “erase” funds from a account with the push of one button, and a check for the presence of those funds is conducted hourly automatically, affected enterprises have a nonzero chance to first lose their last money, and then years-long litigation with the state over it.
The only concrete point in the prime minister’s words is that the state is ready to grant businesses priority access to available premises for dispersing warehouse capacity.
“I instructed the Ministry of Economy, ARMA, and the State Property Fund to prepare a list of such facilities within three days,” said Serhiy Koretsky.
Under what terms will these premises be provided and how did it happen that property managed by the state stands idle (otherwise — how to transfer it?) — the prime minister did not explain. Nor did he say where money would come from to fill these warehouses. To issue new loans? To await new strikes? To count new losses? An ideal plan! (that was sarcasm).
Meanwhile, presidential adviser for the development of military technological directions Sergei Beskrestnov, known as Flash, using Epicentr as an example, urged Ukrainians to immediately leave store premises when a air raid siren is announced. He stressed that the warning applies to alerts for both ballistic missiles and Shahed missiles. He does not know much about economics, but he understands something about safety.
What did entrepreneurs tell Koretsky that he did not hear?
ROZETKA sustained the largest direct losses in the history of its existence due to the massive Russian attack on the company’s warehouses in the night of 5 August. This was stated by the company’s co-owner Vladyslav Chechotkin on a telemarathon, reporting the losses in billions of hryvnias. He named several mechanisms by which the state could help affected companies. Among them:
more accessible insurance of war risks with higher insured sums,
tax holidays for the reconstruction period,
preferential loans for business,
simplify rules for private anti-aircraft defense. The current regulation is so complex that business practically cannot use this mechanism.
What of all this did you hear in Koretsky’s words? Correct: NOTHING. We do not think these smart steps were not voiced at the meeting with the prime minister. But what was heard was not. Unfortunately.
Production will go abroad
“Production at the Epicentr Ceramic Corporation plant is completely halted. To prevent product shortages and ensure uninterrupted supplies, production will be moved first to two other company facilities abroad. At the same time, we are starting preparations to launch production at one more facility in Ukraine,” reports Epicentr.
What does this mean? A reduction in jobs, a reduction in taxes, a weaker economic rear. But it seems Koretsky does not care.
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