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World - Europe Updated: November 30, 2022

Ukraine Signs Digital Trade Deal With UK

By Quadri Adejumo
November 30, 2022
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Ukraine and the United Kingdom have signed a new deal, allowing Ukraine to access British financial services as it seeks to rebuild its shattered economy, the British government announced early on Wednesday.

The UK said it had agreed in principle to a digital trade deal with Ukraine, as it seeks economic support following Russia's invasion, which started in February.

Talks on the digital deal began in the summer and were fast-tracked with a view to supporting Ukraine's economy through the war and afterwards.

The call for the agreement came from Ukrainian President Volodymyr Zelenskyy, just after the country's independence day, which was August 24.

British Trade Minister Kemi Badenoch said; "This agreement will mean our businesses and governments can collaborate even more and ensure Ukrainians have access to essential goods and services digital trade opens up.

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"The landmark digital trade deal agreed today between our two countries paves the way for a new era of modern trade between us.

"This will help protect jobs, livelihoods and families now and in Ukraine's post-war future."

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Quadri Adejumo

Quadri Adejumo covers World News, Health, Climate & Humanitarian.

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