Today, October 8, during the visit of the President of Ukraine Volodymyr Zelenskyy to London, Minister of Finance Serhii Marchenko signed a Memorandum of Understanding between the Government of Ukraine and Her Majesty’s Secretary of State, acting through the Export Credit Guarantee Department operating as UK Export Finance.
The Memorandum is aimed to create a basis for strengthening and expanding trade and economic cooperation between Ukraine and the United Kingdom.
In particular, it is planned to provide financial support for the implementation of investment projects in priority areas for Ukraine: security and defense, agriculture, infrastructure, energy and health care totaling up to 2.5 billion pounds.
Financial assistance will be provided through the UK Export Credit Agency (UKEF).
"The decision to bring UK Export Finance to the Ukrainian market and sign this Memorandum is a sign of trust and support from the United Kingdom for the transformational changes that are currently taking place in Ukraine. I strongly believe that this will open up new opportunities for partnership between the economies of our countries, in particular, in the fields of defense and security, renewable energy sources and transport infrastructure," said Finance Minister Serhii Marchenko.