Sanctions Tracker – UK Announces Additional Sanctions

Following yesterday's announcement of a new EU package of sanctions, this blogpost summarises the newly announced UK sanctions against Russia and recent UK designations.

UK – restrictions on provision of services (not yet in force)

On 4 May, Foreign Secretary Liz Truss announced new sanctions against Russia in the form of a ban on "services exports". It appears from the press release that the new measures will apply to services provided by management consultants, accountants and PR firms although it is not clear precisely which services will be in scope, to which Russian businesses the restrictions will apply, and/or whether there will be any form of wind-down period or other broadly applicable exemptions or general licences.