Importing and Exporting to Russia

Russia and customs practices

By area Russia is by far the largest country in the world. With 142 million people and eleven time zones. However, the conflict between Russia and Ukraine is gathering western support and sanctions.

Previously in 2011 British exports to Russia increased by 39 per cent over 2010, representing trade worth £4.8 billion and was the eighth largest retail market in the world and the fourth largest in Europe, overtaking Brazil, Italy, Spain and Mexico.

Spectacular growth from earlier years slowed with public and private investment programmes trimmed and Since the Kremlin announced their intentions to take control of the Ukraine in Feb 2022, western response has been one of prohibitive measures. The Russia (Sanctions) (EU Exit) Regulations 2019 came fully into force on 31 December 2020 and are intended to ensure that certain sanctions relating to Russia continue to operate effectively.

With energy prices sky high, as Russia has a enormous control of oil and gas, the customs activities and associated environment for trade is more intense .

The Regulations impose financial, trade, aircraft, shipping and immigration sanctions for the purposes of encouraging Russia to cease actions which destabilise Ukraine, or undermine or threaten the territorial integrity, sovereignty or independence of Ukraine.

It is prohibited to intentionally participate in any activities if you know that the object or effect of them is directly or indirectly to circumvent the prohibitions imposed by the Regulations or to enable or facilitate the contravention of those prohibitions.

If you are unclear about any aspect of the Regulations, in particular about whether action you are considering taking could contravene the Regulations, you are advised to seek independent legal advice. Contact us for further details.

Chamber International speaks the language of export and import and can assist in any queries you may have on trade matters. Enquire now.