Sanctions Tracker – Update On Newly Published UK Trade Sanctions Against Russia

As trailed in our previous briefing, the UK has today (14 April) published the Russia (Sanctions) (EU Exit) (Amendment) (No. 8) Regulations 2022 (the "Amending Regulations"), amending the UK's principal Russia sanctions legislation: the Russia (Sanctions) (EU Exit) Regulations 2019 (the "Russia Regulations"). The Amending Regulations contain various provisions expanding upon the UK's existing trade sanctions relating to Russia, as outlined below, and come into force at 5pm on 14 April.

New export restrictions: oil refining, quantum computing and luxury goods

The Amending Regulations expand the existing list of "restricted goods" in the Russia Regulations to include: (i) oil refining goods (as listed in Schedule 2D to the Russia Regulations), and (ii) "quantum computing and advanced materials goods" (as listed in Schedule 2E to the Russia Regulations). Schedule 2E lists various equipment and components including (among others): cryogenic refrigeration