NTE 2022/04: introduction of new sanctions against Russia

7 March 2022

Further to Notice 2022/03, a tranche of new trade sanctions on Russia was introduced on 1 March 2022.

The full details of the new measures, which augment the sanctions measures introduced in 2014, can be found in the Russia (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2022.

The new measures include a list of critical-industry goods and critical-industry technology which are now prohibited for export, supply or transfer to, or for use in, Russia, along with the provision of related technical assistance, financial services and brokering services.

Existing prohibitions on the export, supply or transfer of military and dual-use items, as well as restrictions on the export or supply of energy-related goods and services, remain in place.

There are some exceptions to these prohibitions, which are set out in detail in the legislation, and licences can be granted in very limited circumstances.

There are also financial sanctions against Russia and further information is available from the Office for Financial Sanctions Implementation (OFSI).

Guidance on the scope of sanctions against Russia, including the circumstances in which licences can be granted, can be found on the GOV.UK Russia sanctions: guidance.

Kindly supplied by GOV.UK

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