The United Kingdom has imposed sanctions on Russia in response to the country’s actions in Ukraine and other international conflicts. These sanctions are designed to disrupt Russia’s economy, limit its ability to engage in international trade, and hold individuals accountable for their actions. As a business, it is essential to understand the implications of these sanctions and how they may affect your operations.
What Are UK Sanctions on Russia?
The UK sanctions regime is designed to restrict Russia’s access to certain goods, services, and technologies. There are two main types of sanctions:
1. Export controls: These restrictions limit the export of certain goods and services to Russia.
2. Financial sanctions: These restrictions limit Russia’s ability to deal with individuals and entities subject to sanctions.
What Goods Are Restricted?
Certain goods are restricted from being exported or imported into Russia, including:
Critical-industry goods and technology: These include items such as aerospace, defense, and dual-use goods.
CHPLs (Common High Priority Items): These include items such as coal, iron, steel, and certain types of machinery.
How to Check if Goods Are Restricted
To check if a particular good is restricted, businesses can use the following resources:
The UK Trade Tariff tool
Schedule 2A of the UK Russia sanctions regulations
Open Sanctions database
End-User Certification and Contractual Clauses
Businesses may need to obtain end-user certification from customers to ensure that goods are not being sold or supplied to individuals or entities subject to sanctions. Contractual clauses can also be used to require customers to comply with UK sanctions.
Screening Tools
Several screening tools are available to support businesses in conducting customer due diligence checks, including:
Open Sanctions
War Sanctions
Trade Integrity Project (TIP)
Self Sanctions and Leave Russia databases
By understanding the implications of UK sanctions on Russia and taking steps to comply, businesses can minimize their risk exposure and avoid potential penalties.
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