Following Russia’s illegal invasion of Ukraine, the UK government has announced a sanctions regime relating to Russia.
What is the state of play and the impact on businesses?
Following Russia’s illegal invasion of Ukraine, the UK government has announced sanctions including freezing assets from all of Russia’s major banks and hi-tech exports. For the latest list of UK sanctions visit GOV.UK ‘UK Sanctions against Russia’.
The CBI is closely monitoring the situation in Ukraine and continues to engage with the Foreign, Commonwealth and Development Office (FCDO) and Department of International Trade (DIT) as well as our European counterparts, on the sanctions being imposed against Russia and its impact on business.
Further to this engagement, CBI Economics has produced a briefing analysing the impact on the UK economy via four main channels: energy (and other commodities), trade, financial links and confidence.
Where can businesses go for further support from government?
Following the UK government announcing sanctions, guidance on the UK’s sanctions regime relating to Russia has been published. The guidance includes information
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