A new digital trade deal between the UK and Ukraine will help support the country’s economy during the war with Russia and as it rebuilds in the future.
As part of the agreement, Ukrainian businesses will be able to trade more efficiently and cheaply with the UK through electronic transactions, e-signatures, and e-contracts.
Ukrainian businesses will also be able to access UK financial services through provisions on cross-border data flows.
“The historic digital trade deal signed today paves the way for a new era of modern trade between our two countries,” Business and Trade Secretary Kemi Badenoch said.
“We are also extending tariff-free trade on imports from Ukraine to early 2024, providing much-needed support to Ukrainian businesses.
“These initiatives will help protect jobs, livelihoods and families now and in Ukraine’s postwar future.”
Ukraine and Russia conflict latest - in pictures
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Ukrainian soldiers fire a howitzer towards Russian positions, near Bakhmut in Ukraine. AP -
Resident Svetlana Boiko, 66, who was wounded in recent shelling, is comforted near her destroyed house in Donetsk. Reuters -
A wounded Ukrainian soldier is treated in a front-line stabilisation ambulance, near Kreminna. Reuters -
A house in Donetsk destroyed in recent shelling. Reuters -
Ukrainian volunteer soldiers hold their positions at the front line near Bakhmut. AFP -
Volunteers carry the remains of a Uragan rocket as they clear the area around the Sviatohirsk Cave Monastery in Dolyna. AFP -
A man sits inside a damaged car in the village of Chasiv Yar. AFP -
Ukrainian servicemen fire at Russian positions in the region of Donbas. AFP -
Rescue workers put out a fire in a house shelled by Russian forces in Kostiantynivka. AP -
A Ukrainian serviceman moves towards the frontline city of Bakhmut. AFP -
Vladyslav, a Ukrainian paratrooper of the 80 Air Assault brigade, rests in a dugout at the front line near Bakhmut. AP -
Residents of the village of Bohorodychne cross the Seversky Donets river to retrieve bread from the other bank. AFP
“This digital trade agreement illustrates that Ukrainian IT companies operating in Ukraine are in demand around the world despite all the challenges of war,” Ukraine’s Economy Minister Yulia Svyrydenko said.
The deal, signed virtually on Monday, was agreed in principle in November.
