Overseas Companies: Ukraine
(asked on 2nd June 2025) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of the availability of commercial insurance for UK companies seeking to operate in Ukraine on British trade and investment in the region.
Answered by
Gareth Thomas
Parliamentary Under Secretary of State (Department for Business and Trade)
Limited availability of insurance to operate in Ukraine is a market access barrier for businesses to export, invest or operate in Ukraine. The expertise and global reputation of the London Insurance sector has continued to mobilise international support to increase risk coverage for real sector and trade finance under the 2023 London Conference Framework for War Risk Insurance.
In March, Minister Doughty and I joined an international roundtable hosted by Lloyds of London to maintain momentum and encourage insurance companies to reconsider the Ukrainian market. UK Export Finance (UKEF) continues to provide risk insurance for UK exporters trading with Ukraine.