UK and Ukraine Extend Tariff-Free Trade Agreement to Aid Ukrainian Businesses

It was said that this extension would boost opportunities for Ukrainian businesses, particularly in key sectors such as oils, grains and agri-foods. (Credit: Carl Court/POOL via AFP)

The United Kingdom and Ukraine have announced a significant extension of their tariff-free trade agreement in a bid to support Ukrainian businesses impacted by the ongoing Russia-Ukraine conflict.

This move, hailed as the most generous tariff break offered by any country, aims to provide much-needed economic support and certainty to Ukraine's economy in the face of supply chain disruptions caused by the war, a press release by the government of the UK said.