Military Aid: Ukraine

Department for Business and Trade written question – answered am ar 30 Gorffennaf 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of James Cartlidge James Cartlidge Shadow Secretary of State for Defence

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 that funding is additional funding on top of pre-existing levels of export finance support from the UK to Ukraine.

Photo of James Cartlidge James Cartlidge Shadow Secretary of State for Defence

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, what his planned timetable is for making the additional finance available.

Photo of James Cartlidge James Cartlidge Shadow Secretary of State for Defence

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 any (a) goods and (b) services are excluded from the funding arrangement.

Photo of James Cartlidge James Cartlidge Shadow Secretary of State for Defence

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, what percentage of UK- (a) manufactured and (b) originated content will be required for (i) goods and (ii) services purchased under the arrangement to qualify for support.

Photo of Justin Madders Justin Madders Minister of State (Department for Business and Trade), Parliamentary Under Secretary of State (Department for Business and Trade)

More than two years since the illegal invasion of Ukraine, the UK continues to stand resolutely with the Ukrainian people against Russian aggression.

£3.5 billion is the total capacity UK Export Finance (UKEF) has to support transactions with Ukraine. It is already in place for support for eligible transactions, including any future transactions entered into under the new treaty. All transactions are subject to UKEF’s regular due diligence and approvals processes.

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