UK export credit agency and ministerial department
Defence Secretary Dan Jarvis has reworked the Defence Investment Plan to prioritise frontline equipment, high-speed boats and drone technology. The plan aims to equip troops faster while addressing funding gaps that sparked resignations amid negotiations with the Treasury. The plan is due to be published ahead of a NATO summit.
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.