Overseas Trade: Belarus
(asked on 4th June 2021) - View Source
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, how much her Department spent on trade finance support programmes to Belarus in (a) 2020 and (b) 2021.
This question was answered on 9th June 2021
UK Export Finance (UKEF) does not invest equity or provide funding into projects. The support provided by the Department is in the form of financing, insurance or guarantees for loans.
UKEF has provided export insurance policy cover for UK exports to Belarus. As no claims have been made on those policies, UKEF has not incurred any outlay. The beneficiary of this insurance is the UK exporter, and not Belarus.