The Government has announced new trade measures against Russia and have published a further Notice to Exporters (2022/18) dated 23 June 2022

The new measures identify further prohibitions on the export, supply and delivery, making available and transfer (as well as related technical assistance, financial services, funds and brokering services) of the following:

• internal repression goods and technology
• goods and technology relating to chemical and biological weapons
• maritime goods and technology
• additional oil refining goods and technology
• additional critical industry goods and technology
• Prohibitions on the export to, or for use in Russia of jet fuel and fuel additives, as well as prohibitions on the making available, export, and supply, directly or indirectly, of such products to Russia or for use in Russia (as well as related technical assistance, financial services, funds, and brokering services).

Further restrictions are meted on the provision of currencies, with further prohibitions on the export to, or for use in, Russia, of Sterling or EU denominated banknotes; as well as prohibitions on the making available, supply, or delivery of such banknotes to a person connected with Russia; and on the making available of such banknotes for use in Russia.

Some of the above prohibitions will relate to Russia, and the non-government-controlled Ukraine territories.

Prohibitions are also increased on the imports. In particular, the acquisition or supply and delivery of revenue generating goods that originate in or are consigned from Russia, as well as related technical assistance, financial services, funds, and brokering services, and further measures have been introduced on the provision of technical assistance, and financial services, funds, and brokering services relating to iron and steel imports.

Exceptions

There are some exceptions to the prohibitions. These are set out in detail in the legislation, with licences available for in very limited circumstances.

Links to the Guidance, the Notice to Exporters 2022/14, and the updated legislation are below:

https://www.gov.uk/government/publications/russia-sanctions-guidance/russia-sanctions-guidance

https://www.gov.uk/government/publications/notice-to-exporters-202218-introduction-of-additional-sanctions-against-russia/nte-202218-introduction-of-additional-sanctions-against-russia

https://www.legislation.gov.uk/uksi/2022/689/contents/made