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Lord Dubs
asked Her Majesty's Government:Why the Export Credits Guarantee Department does not give credit to British firms trading with Ukraine.
The Minister of State, Department of Trade and Industry
(Lord Fraser of Carmyllie)
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.