all UK nationals and legal entities established under UK law, including their branches, must also comply with UK financial sanctions that are in force, irrespective of where their activities take placeīreaches of sanctions measures under the Russia Sanctions Regulations is a criminal offence.ĮU sanctions regulations also apply where they relate to trade in goods between the EU and third countries.all individuals and legal entities who are within, or undertake activities within, the UK’s territory must comply with UK financial sanctions that are in force.

UK trade sanctions apply to all persons within the territory and territorial sea of the UK and to all UK persons, wherever they are in the world. The following sections provide an outline of the key restrictions and exemptions, which should be read alongside other guidance on UK sanctions relating to Russia. trading with certain businesses and individualsīusinesses should seek legal advice if they plan to continue trading with Russia.the settling of financial transactions with suppliers and customers.the movement of goods to and from Russia.The Russia Sanctions Regulations affects several aspects of trade with Russia, including: designations of individuals and entities under the Russia Sanctions Regulations by the UK.UK businesses are responsible for the decision on whether to trade with Russia.īusiness should expect a high unpredictable trading environment as a result of: undermining or threatening the territorial integrity, sovereignty or independence of Ukraineįind detailed guidance on UK sanctions relating to Russia.The purposes of the Russia Sanctions Regulations are to encourage Russia to cease actions: The UK government has imposed a range of sanctions measures, including trade and financial sanctions, under The Russia (Sanctions) ( EU Exit) Regulations 2019 (“the Russia Sanctions Regulations”). use the dedicated online service for enquiries about trading with Ukraine or Russia.If you have a question about trading with Ukraine, Russia or Belarus:

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