Asked by: Royston Smith (Conservative - Southampton, Itchen)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what guidance her Department issues to (a) private companies and (b) UK-based investors on (i) engaging and (ii) investing in Ukraine.
Answered by Nusrat Ghani - Minister of State (Minister for Europe)
Providing guidance to supporting businesses to play a key role in supporting Ukraine’s economic recovery is a high Government priority.
This year we launched a Guide to Doing Business with Ukraine, to support UK business and investors working in Ukraine and encourage greater trade flows.
We support businesses to engage in Ukraine via multiple fora including the UK-Ukraine Infrastructure Taskforce.
We are supporting investors through addressing a lack of available insurance, contributing £20m to the Multilateral Investment Guarantee Agency and on 31 October signing a Statement of Intent on a European Bank for Reconstruction and Development war-risk insurance scheme for Ukraine.