Maintenance of UK Export Finance cover limit for Ukraine
Published By GOV.UK [English], Wed, Mar 16, 2022 5:54 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 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.
Press release distributed by Media Pigeon on behalf of GOV.UK, on Mar 16, 2022. For more information subscribe and follow