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.
These are only a small sample of the questions being raised by business. The CBI’s conversations with government departments are still ongoing. We expect government to release further sanctions in due course and will be providing input throughout the development process Please get in touch with Isabella Fudge with any questions or concerns on current (or future) sanctions.
This article does not constitute legal advice. The CBI highly recommends that members consult independent legal counsel on sanctions compliance.