Notice to exporters 2022/33: further sanctions against Russia, introduced in December 2022

22 December 2022

 

Further to notice to exporters 2022/27, a tranche of new trade sanctions on Russia entered into force on 16 December 2022.

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. 17) Regulations 2022.

New measures

New measures include an expansion of the current prohibitions on:

  • export
  • supply and delivery
  • making available of additional products
  • related technical assistance
  • financial services and funds
  • brokering services

All of these are to be added to the critical-industry goods and technology list as well as the defence and security goods and technology list.

There will be prohibitions on the:

  • direct and indirect provision of auditing services to a person connected with Russia
  • direct and indirect provision of advertising services to a person connected with Russia
  • direct and indirect provision of architectural and engineering services to a person connected with Russia
  • direct or indirect provision of information technology consultancy and design services to a person connected with Russia

Appropriate licences can be sought for prohibited activity.

Exceptions

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

There will be an expansion of the current prohibitions within Part 3 (Finance) of the 2019 regulations. These concern amendments to existing restrictions on dealing with securities, money market instructions, loans and credit arrangements to persons connected with Russia.

Part 3 (Finance) has also been expanded to suspend the Bank of England’s duty to make a decision in respect of a notification of third-country resolution action, and to include a prohibition on providing services related to trusts or similar arrangements to, or for the benefit, of persons designated, and, on providing new services related to trusts or similar arrangements to, or for the benefit of, persons connected with Russia.

Further information is available from the Office for Financial Sanctions Implementation (OFSI).

Further guidance and support

Guidance on the scope of sanctions against Russia, including the circumstances in which licences can be granted, will shortly be updated and can be found on the guidance page for Russia sanctions.

For further information on import related sanctions, contact DIT’s Import Licensing Branch, email importcontrols@trade.gov.uk.

The Export Support Service is ready to help with any other enquiries about exporting or trading with Russia or Ukraine that are not specific to the requirement for export licences.

 

Kindly supplied by GOV.UK

 

For more information contact one of our specialists on 0845 034 7200 or email.

 

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