Of course, here is the translation of the legislative act description:<\/p>\n
1. **Essence of the Law:** This resolution of the Cabinet of Ministers of Ukraine defines the mechanism for providing partial compensation for the value of enterprises’ property that was destroyed or damaged as a result of the armed aggression of the Russian Federation. Also, the document regulates partial compensation of insurance premiums under war risk insurance contracts. Compensations are carried out at the expense of the state budget, and payments are made by the “Export Credit Agency”.<\/p>\n
2. **Law Structure:** The resolution consists of the main part, which approves the Procedure for granting compensation, and an annex with a sample agreement on the assignment of the right to claim against the Russian Federation. The Procedure defines the conditions, criteria, and procedures for obtaining compensation for damaged\/destroyed property and insurance premiums. It defines the list of necessary documents, terms for reviewing applications, and grounds for refusing payment.<\/p>\n
3. **Main Provisions:**
\n * The Procedure applies to property located in areas of increased risk (list of regions) and insured property in the territory of Ukraine (with the exception of temporarily occupied territories).
\n * Criteria are defined for business entities that cannot be recipients of compensation (for example, non-residents, bankrupts, those with tax debts, under sanctions).
\n * The maximum amount of compensation for damage\/destruction of property is set at UAH 10 million per business entity together with related parties.
\n * Participation in the compensation program for damage\/destruction of property is paid (contribution of 0.5% of the amount of probable damage).
\n * The list of military risks for which compensation is provided is defined (missile strikes, UAVs, artillery shells, fires, explosions).
\n * Compensation of insurance premiums is provided under insurance contracts that meet certain conditions (insurance against military risks, the insured amount does not exceed the actual value of the property).
\n * The maximum amount of insurance premium compensation is UAH 1 million per business entity per year.
\n * Participation in the insurance premium compensation program is also paid (contribution of UAH 5,000).
\n * To receive compensation, applications and relevant documents must be submitted to the “Export Credit Agency”.
\n * Submitting an application for compensation is an accession to the agreement on the assignment to the state of the right to claim against the Russian Federation for damages.
\n * The Agency’s decision to pay or refuse to pay compensation may be appealed in court.<\/p>\n