UK Export Finance: the UK government's export credit agency
The UK has announced sanctions to choke off revenues funding Russia’s war, alongside a plan to power Ukraine’s nuclear plants for two winters with £210 million in UK Export Finance for Urenco’s uranium enrichment. Commandos have boarded a sanctioned Russian oil tanker, marking a first-time UK-led disruption of Moscow’s shadow fleet.
The Defence Investment Plan has been refreshed to prioritise frontline equipment, drones and autonomous tech. Dan Jarvis has secured additional funding, while resignations over funding highlighted political tensions. The plan aims to modernise the UK’s armed forces and deter evolving threats, with a focus on the High North and underwater infrastructure.