Last updated - 26.10.2023
In response to the war in Ukraine, the United Kingdom (UK), European Union (EU) and United States of America (USA) as well as other nations have adopted and continue to review sanctions against economic, financial and persons connected with and to, Russia and Belarus. International sanctions are restrictions imposed by governments on certain types of transactions with targeted countries, persons or activities to achieve specific foreign policy or national security objectives, and can restrict a broad range of activities, including limiting the provision of certain financial services and restricting access to financial markets, funds and economic resources. The UK, EU and USA have led global actions with a constant expansion of a sanction’s regime covering a wide range of financial, economic and trade activities.
The UK Government response through the mechanism of international sanctions can be found on the following .gov.uk webpage below.
To support this information, other selected UK guidance and lists can be found here that can be read in conjunction with the pages above.
With the introduction by the UK on the imports of Russian and Belarus originated iron and steel products processed in third countries, a link to a Make UK summary is provided below:
In the current circumstances, the status of these measures is subject to change daily. UK Government will keep the .Gov.UK pages above refreshed daily, according to the introduction of new sanction measures.
Whilst every effort has been made to ensure the accuracy and completeness of this summary at the date of publication, no reliance should be placed on its content, and it does not constitute legal advice. We would encourage readers to refer to the primary sources of the UK Government information for the continued update on sanction restrictions. We would encourage readers to take independent legal and financial advice on the implications of the UK sanctions regime on their UK and international economic, trade and financial operations if there is any suggestion of direct or indirect commercial connections with Russia and Belarus.