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Update for UK companies trading in Russia and Ukraine

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Update for UK companies trading in Russia and Ukraine

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Latest information for UK businesses on Russia and Ukraine, including the Crimea, following the introduction of EU sanctions on 29 July 2014.

The European Union (EU) sanctions are designed to deter further destabilisation, and convince Russia to engage with the international community. They have been closely coordinated with a wide range of international partners.

The UK government is keeping its economic engagement with Russia under close review. Some bilateral cooperation and trade support activity is being affected.

Decisions on any further diplomatic, political and economic measures will be taken in close collaboration with EU and G7 partners.

The UK government will continue to offer UK companies support and advice. Commercial decisions are ultimately for companies to make themselves on the basis of commercial risk, bearing in mind increased risk that high profile business engagement might be exploited by Russia for political reasons.

UK companies encountering obstacles to business in Russia or Ukraine should contact the Department for Business, Innovations & Skills (BIS) helpline on 0300 456 3565.

gov.uk

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