{"value":{"id":1386017,"memberId":4876,"member":null,"memberRole":"Minister for Investment","uin":"HLWS440","dateMade":"2021-12-08T00:00:00","answeringBodyId":202,"answeringBodyName":"Department for International Trade","title":"UKEF Update","text":"<p>My Rt Hon Friend the Secretary of State for International Trade (Anne Marie Trevelyan MP) has today made the following statement.</p><p>The UK enjoys a strong relationship with Ukraine and is committed to supporting its security and economic prosperity. UK Export Finance (UKEF) has recently committed most of its market risk appetite for Ukraine to support a programme led by UK suppliers to upgrade the country’s naval capability. To ensure that UKEF can continue to support UK exporters assist Ukraine with improvements to its national infrastructure, and in-line with wider HMG objectives, the Government has concluded that it is in the national interest to increase UKEF’s market risk appetite for Ukraine to £3.5 billion and has instructed UKEF to make appropriate arrangements. This will leave around £1.2bn available for UKEF to support further priority projects, supporting skilled UK jobs and enabling additional UK exports to Ukraine.</p><p> </p>","house":"Lords","noticeNumber":0,"hasAttachments":false,"hasLinkedStatements":true,"linkedStatements":[{"linkedStatementId":1386008,"linkType":"JointStatement","linkDate":"2021-12-08T00:00:00"}],"attachments":[]},"links":[{"rel":"self","href":"/Statements/1386017","method":"GET"}]}