Commons Sense

House of Commons · Written Ministerial Statement

Ukraine War Anniversary – Trade and Business Support

22 February 2024 · Department for Business and Trade

Proposed by Nusrat Ghani Con Sussex Weald

Business & TradeUkraine

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The UK Government has launched the Digital Trade Agreement and the London Framework for War Risk Insurance to support Ukraine.
  • Tariff liberalisation measures have been extended by the UK to aid Ukraine's economic recovery.
  • The UK-Ukraine Business Bridge and TechBridge platforms have been established to facilitate business and technological support for Ukrainian companies.

Issue summary

The statement discusses the UK's ongoing support for Ukraine in response to Russia's invasion, including trade and business assistance.

Action requested

The Government has initiated various programmes such as the Digital Trade Agreement and the London Framework for War Risk Insurance. It also extended tariff liberalisation and established platforms like the UK-Ukraine Business Bridge and TechBridge to facilitate economic recovery and support Ukrainian businesses.

Key facts

  • The UK has sanctioned over 96% (£20bn) of goods traded with Russia.
  • Last year, the first Digital Trade Agreement was signed between the UK and Ukraine.
  • £20m was donated to the Multilateral Investment Guarantee Agency’s Ukraine trust fund.
  • Tariff liberalisation for almost all goods is extended for five years, with eggs and poultry for two years.
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