Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what assessment she has made of the (a) legal and (b) financial implications if an individual or company in the Russian Federation with outstanding debts guaranteed under UK Export Finance's buyer credit or supplier credit financing schemes is placed under sanctions by the (i) United Kingdom, (ii) European Union or (ii) United States.

UK Export Finance (UKEF) is keeping the current situation under close review.

UKEF follows rigorous recovery processes, but is not able to disclose further detail as doing so may compromise our commercial position. UKEF has recovered the cost of every claim against it since 1991 on a portfolio basis and has returned just over £2 billion to the Treasury.