Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, with reference to the £3.5 billion defence export finance deal for Ukraine, announced on 18 July 2024, whether that funding is additional funding on top of pre-existing levels of export finance support from the UK to Ukraine.

More than two years since the illegal invasion of Ukraine, the UK continues to stand resolutely with the Ukrainian people against Russian aggression.

£3.5 billion is the total capacity UK Export Finance (UKEF) has to support transactions with Ukraine. It is already in place for support for eligible transactions, including any future transactions entered into under the new treaty. All transactions are subject to UKEF’s regular due diligence and approvals processes.