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Ukraine: Ecgd Cover

Volume 570: debated on Tuesday 19 March 1996

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asked Her Majesty's Government:Why the Export Credits Guarantee Department does not give credit to British firms trading with Ukraine.

Under its normal market risk assessment system, ECGD has concluded that the payment risk on Ukraine is currently too high to justify the provision of cover. However, because of the potential opportunities for UK exporters in Ukraine, the position is being kept under continuing review. ECGD cover will be introduced as soon as it can be justified.