Correspondence

Increase to UK Export Finance’s cover limit for Ukraine

The UK government has implemented an increase in UK Export Finance's cover for Ukraine to £3.5 billion to enable support for further priority projects across the infrastructure, healthcare, clean energy, and security sectors.

• From: UK Export Finance
• Published: 9 December 2021

Documents

Letter from UKEF Accounting Officer to DIT Secretary of State setting out UKEF's cover position for Ukraine

PDF, 111 KB, 2 pages

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Letter from UKEF Accounting Officer to DIT Secretary of State setting out UKEF's cover position for Ukraine

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Letter from DIT Secretary of State to UKEF Accounting Officer confirming increase in UKEF's cover for Ukraine

PDF, 119 KB, 1 page

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Letter from DIT Secretary of State to UKEF Accounting Officer confirming increase in UKEF's cover for Ukraine

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Details

The first letter is from UK Export Finance’s (UKEF) Chief Executive and Accounting Officer to the Secretary of State for International Trade. It states that an increase to Ukraine’s market limit cannot be accommodated under UKEF’s normal underwriting criteria and that an increase to the market limit would require an instruction from Ministers.

The second letter is from the DIT Secretary of State to the UKEF Chief Executive and Accounting Officer. It confirms the ministerial direction to increase UKEF’s market limit for Ukraine to £3.5bn, in the national interest.

Published 9 December 2021