A ground-breaking new deal will give Ukraine guaranteed access to UK financial services as it tries to rebuild its shattered economy, the government has said.
The new digital trade agreement will be signed in London on Wednesday by Trade Secretary Kemi Badenoch and Ukraine’s First Deputy Prime Minister, Yulia Svyrydenko.
Based on a similar agreement this year between the UK and Singapore, the deal will support digital commerce through cross-border data flows, officials said.
It follows an approach by the government in Kyiv over the summer to see if such an agreement would be possible.
Digital trade is considered to be particularly important in the conflict with Russia, where the fighting and the damage to infrastructure makes physical trade more difficult.
The agreement also allows for greater co-operation between the UK and Ukraine on cyber security and emerging technology.
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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," Ms Badenoch said.
“This agreement will mean our businesses and governments can collaborate even more and ensure Ukrainians have access to essential goods and services as digital trade opens up.
“This will help protect jobs, livelihoods and families now and in Ukraine’s post-war future.”
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How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
Company profile
Date started: Founded in May 2017 and operational since April 2018
Founders: co-founder and chief executive, Doaa Aref; Dr Rasha Rady, co-founder and chief operating officer.
Based: Cairo, Egypt
Sector: Health-tech
Size: 22 employees
Funding: Seed funding
Investors: Flat6labs, 500 Falcons, three angel investors