In recent weeks, the UK has expanded on its existing trade
restrictions on Russia, added further designations to the
consolidated sanctions list, published and updated various
sanctions related guidance documents, imposed trust services bans
in respect of all persons already subject to asset freeze measures
and published its Economic Crime Plan for 2023-2026.
Below, we briefly summarise these recent developments.
Expansion of trade restrictions
On 21 April 2023, a tranche of new trade sanctions on Russia
entered into force, by way of the Russia (Sanctions) (EU Exit) (Amendment)
Regulations 2023.
The new measures prohibit the export, supply, and delivery, and
making available to, or for use in, Russia, of a range of goods,
including goods that Russia has been found to use on the
battlefield, such as aircraft and vehicle parts, radio equipment
and other electronic equipment, biotechnology and 3D printing
machinery.
