The World Bank mandated Finance for Impact to conduct an up-to-date diagnostic of trade financing facilities in Ukraine. More specifically, this study: (i) provided an updated overview of trade performance in Ukraine and prevailing market conditions at the global level; (ii) explained changes in trade patterns, in particular for exports and imports; (iii) reviewed the demand and supply for trade finance instruments and solutions; (iv) analyzed market constraints and opportunities; (v) assessed the impact of the findings and their implications for the ongoing reform in the banking sector; and (vi) proposed specific measures that would facilitate the financing of cross border trade. The scope of the assessment encompassed all institutions involved in trade and export finance in Ukraine. The scope of work included financing products and services used to provide funding or coverage to cross-border trade on both the short-term and medium to long-term.