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Military Aid: Ukraine

Asked by James CartlidgeConservativeDepartment for Business and TradeTabled Answered 30 July 2024UIN 994

The question

To ask the Secretary of State for Business and Trade, with reference to the £3.5 billion defence export finance deal for Ukraine, announced on 18 July 2024, whether the finance provided will be subject to UK Export Finance’s Transition Export Development Guarantee.

Answered by Justin Madders

UK Export Finance's Export Development Guarantee product helps companies who export from, or plan to export from the UK, access high value loan facilities for general working capital or capital expenditure purposes. The risk associated with this product remains centred in the UK, and consequently does not impact UKEF’s market limit for Ukraine.

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