UK to Allocate GBP 1B for Trade and Investment Projects with Ukraine

A preparatory meeting of the UK–Ukraine Strategic Partnership Dialogue was held in London under the chairmanship of Minister of Foreign Affairs of Ukraine Dmytro Kuleba and UK Secretary of State for Foreign, Commonwealth and Development Affairs Liz Truss.

“Last year, President Volodymyr Zelensky and Prime Minister Boris Johnson signed a historic Agreement on Political Cooperation, Free Trade, and Strategic Partnership, which opened a new stage in relations between Ukraine and the United Kingdom. Over this year, our countries have almost doubled trade, significantly strengthened cooperation in combating security challenges, and launched new projects to promote Ukraine’s integration into the EU and NATO,” the minister said.

Kuleba noted that strengthening relations with strategic partners is one of the key priorities of Ukraine’s Foreign Policy Strategy.

The Ukrainian and British delegations agreed to deepen political dialogue and cooperation in the fields of defence and security, implementation of internal transformations in Ukraine, IT, combating climate change, energy, people-to-people contacts, and cultural and humanitarian cooperation.

The parties agreed to work together to further increase trade and attract new investment.

The British side announced the allocation of an additional GBP 1 billion for trade and investment projects with Ukraine.

Funds from the UK Export Finance can be used in a number of areas, including healthcare, infrastructure, and green energy.

Natalia Tolub