Luke Charters
Main Page: Luke Charters (Labour - York Outer)Department Debates - View all Luke Charters's debates with the Ministry of Defence
(1 day, 23 hours ago)
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Mr Luke Charters (York Outer) (Lab)
To secure peace in the long term for Ukraine we need to support its defence industrial base and therefore the financial sector that underpins it, but I am concerned that UK Export Finance red tape could be limiting UK-Ukraine defence partnerships. I also believe that we could launch new joint defence innovation funds. Will my right hon. Friend carefully consider these ideas and work with me to discuss how we can support Ukraine’s defence financing system?
John Healey
The short answer is yes. The slightly longer answer is that we are already working hard with Ukraine on some of these questions of joint ventures and joint industrial partnerships. Indeed, when President Zelensky visited Downing Street in June, our Prime Minister declared that this area of reinforcing our industrial connections and joint enterprise will help Ukraine in the fight now and help develop Ukrainian industry, but could also bring benefits to us and our armed forces in the future.