Increase to UK Export Finance’s cover limit for Ukraine
Published By GOV.UK [English], Thu, Dec 9, 2021 11:26 AM
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.
Press release distributed by Media Pigeon on behalf of GOV.UK, on Dec 9, 2021. For more information subscribe and follow