<-- Back to proposed bills
Ukraine War Anniversary – Trade and Business Support
22 February 2024
Type
Written Ministerial Statement
Department
Department for Business and Trade
At a Glance
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.
▸
Assessment & feedback
Summary accuracy