Correspondence

Maintenance of UK Export Finance cover limit for Ukraine

The UK government has instructed UK Export Finance to maintain its £3.5bn market appetite for Ukraine.

• From: UK Export Finance
• Published: 16 March 2022

Documents

Letter from UKEF Accounting Officer to Secretary of State for International Trade setting out UKEF’s cover position for Ukraine

PDF, 131 KB, 2 pages

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Letter from UKEF Accounting Officer to Secretary of State for International Trade setting out UKEF’s cover position for Ukraine

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Letter from Secretary of State for International Trade confirming retention of UKEF’s cover for Ukraine

PDF, 122 KB, 1 page

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Letter from Secretary of State for International Trade confirming retention of 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 the provision of UKEF support in Ukraine can no longer be accommodated under UKEF’s normal underwriting criteria and to maintain the current country limit of £3.5bn 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 retain UKEF’s market limit for Ukraine at £3.5bn in the national interest.

Published 16 March 2022