The UK’s sanctions against Russia now covers professional services. Read about the impact to your company – and how to navigate compliance.
The UK introduced new sanctions on professional services against Russia, with legislation and guidance released on July 22 . As it stands, UK legislation is out of step with comparable EU and US sanctions, especially related to subsidiaries of UK companies.
The CBI is engaging with businesses and government on the impact of these new sanctions – click through the topics to find expert insight.
What is the difference between an “exemption” and a “license”?
An exemption allows acts or work that would be otherwise prohibited by sanctions. They will be specifically outlined in legislation and apply automatically where the specified criteria is met. They do not require a written notification or application.
A license is written authorisation, granted by a relevant governmental body. Licenses permit specific acts and work that would be otherwise prohibited by sanctions. Government may grant licen
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