On 24 February 2022 the UK Government announced a new package of sanctions on Russia, full details are available here: Foreign Secretary imposes UK’s most punishing sanctions to inflict maximum and lasting pain on Russia - GOV.UK (www.gov.uk)
UK announces new economic sanctions against Russia
The UK Government has announced a ban on exports to Russia of high-end luxury goods, while also hitting hundreds of key products with new import tariffs, for further information visit: UK announces new economic sanctions against Russia - GOV.UK (www.gov.uk)
UK cuts off export finance support to Russia and Belarus
The UK Government has announced it will no longer issue any new guarantees, loans and insurance for exports to Russia and Belarus, for further information visit: UK cuts off export finance support to Russia and Belarus - GOV.UK (www.gov.uk)
Foreign Secretary announces historic round of sanctions on Russia
Foreign Secretary Liz Truss announces over 370 more Russian and Belarussian sanctions today (Tuesday 15 March), which means by the end of today the UK will have designated over 1,000 individuals and entities since invasion under the Russia sanctions regime, for further information visit: Foreign Secretary announces historic round of sanctions on Russia - GOV.UK (www.gov.uk)
UK announces further import sanctions against Russia
The UK Government announces further trade sanctions against Russia – expanding the list of products facing import bans and increasing tariffs. The new sanctions – announced today (Thursday, April 21) by International Trade Secretary Anne-Marie Trevelyan and Chancellor of the Exchequer Rishi Sunak – will include import bans on silver, wood products and high-end products from Russia including caviar. A full list of products targeted is available online.
UK announces new trade measures to support Ukraine
The UK has announced (26 April 2022) new measures to support Ukraine in its conflict with Russia by removing all tariffs covered by the existing UK-Ukraine trade deal. For further information visit UK announces new trade measures to support Ukraine - GOV.UK (www.gov.uk)
UK punishes Putin with new round of sanctions on £1.7 billion of goods
The UK is today (8 May 2022) announcing a new package of sanctions on Russia and Belarus targeting £1.7 billion worth of trade. The sanctions announced today by the International Trade Secretary and the Chancellor of the Exchequer include import tariffs and export bans.
The new import tariffs will cover £1.4 billion worth of goods – including platinum and palladium. For further information visit UK punishes Putin with new round of sanctions on £1.7 billion of goods - GOV.UK (www.gov.uk)
Russian invasion of Ukraine: UK government response
The UK and international partners are united in support for Ukraine. The UK government is providing a range of economic, humanitarian and defensive military assistance to Ukraine, and is imposing additional sanctions on Russia and Belarus.
Find out:
- more about the UK’s response to the invasion of Ukraine
- more about how the UK government is responding
- latest documents
For further information visit Russian invasion of Ukraine: UK government response - GOV.UK (www.gov.uk)
It is important that you ensure your business activities are compliant with the current sanctions against Russia and seek legal advice if necessary. Please continue to check the UK Government’s guidance pages listed below to understand the potential impact on your business and action you may need to take.
If you are planning to trade with Russia, you should check if your product is on the export ban list which can be found in the Russian Sanctions. Guidance document: Russia sanctions: guidance - GOV.UK (www.gov.uk)
There is a suspension of dual-use goods. You can assess your products to determine whether or not they are controlled and are subject to this suspension via: Export controls: dual-use items, software and technology, goods for torture and radioactive sources - GOV.UK (www.gov.uk)
Consular support is available to British nationals in Ukraine and Russia:
- Consular support for Ukraine: British Embassy Kyiv - GOV.UK (www.gov.uk)
- Consular support for Russia: British Embassy Moscow - GOV.UK (www.gov.uk)
You can stay up to date with the latest government notifications on export controls by signing up to the Export Control Joint Unit (ECJU) e-alert service:
- Notice to Exporters e-alerts: Export Control Organisation (govdelivery.com)
You should also consult the links below, which refer to 2019 and the latest 2022 financial sanctions relating to Russia:
- UK Sanctions Relating to Russia: UK sanctions relating to Russia - GOV.UK (www.gov.uk)
- Russian Sanctions: Guidance: Russia sanctions: guidance - GOV.UK (www.gov.uk)
- Financial Guidance, Russia: Financial sanctions, Russia - GOV.UK (www.gov.uk)
You should also be mindful of restrictions, delays and sudden cost increases (such as with import tariffs) if you import goods from Russia.
Ukraine related sanctions on Russia/Belarus
Business Enquiry Helpline
For questions about the impact of sanctions on UK businesses operating in any sector, or business operations in Ukraine or Russia, contact the Export Support Service who are providing a front line Russia sanctions support service to all businesses.
Further statutory guidance will be published when the relevant legislation is laid.
Export support team
Telephone: 0300 303 8955
Textphone: 18001 303 8955
Monday to Friday, 8am to 8pm.
If you are worried about the impact of sanctions against Russian companies impacting your supply chain contact Business Wales to talk to a business adviser on 03000 6 03000 or Contact us | Business Wales (gov.wales)