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United Kingdom
Trade restrictions
Insurance ban
Russia
Energy - Oil
Prohibition on the provision of technical assistance, financial services and funds (including provision of insurance), brokering services relating to import, acquisition, supply or delivery into the UK after 31 December 2022 of oil and oil products which originate in, or consigned from Russia. Посилання на оригінал

The legislation does not ban the provision of services to shipments from Russia to other countries.

21.07.2022
31.12.2022
United Kingdom
Trade restrictions
Import ban
Russia
Energy - Coal
UK prohibited the import of coal and coal products (specified in Schedule 3H) that originate in or are consigned from Russia or the acquisition or supply and delivery of said coal and coal products with the intention of those goods entering into the UK (as well as related technical assistance, financial services and funds, and brokering services). This measure will take effect on 10 August 2022 to align with the equivalent EU measure. Посилання на оригінал
21.07.2022
10.08.2022
United Kingdom
Trade restrictions
Export ban
Russia
Comprehensive goods
UK prohibited the export, supply and delivery from a third country, and making available to, or for use in Russia of miscellaneous essential goods (as well as related technical assistance, financial services and funds, and brokering services), required for the functioning of the Russian economy (G7 dependency and further goods list goods) (specified in Schedule 3E). These goods have been identified as items of significant importance to the Russian economy and goods for which Russia particularly depends on the UK and G7 partners. The list of goods is wide-ranging and includes chemicals, materials, machinery goods and electrical appliances. Посилання на оригінал

Prohibitions do not apply to (a) G7 dependency and further goods list goods which are necessary for the official purposes of a diplomatic mission or consular post in Russia, or an international organisation enjoying immunities in accordance with international law, or (b) the personal effects of their staff.
Appropriate licences can be sought for any sanctioned goods to be used for humanitarian purposes.

21.07.2022
21.07.2022
United Kingdom
Trade restrictions
Export ban
Russia
Energy - Energy sector
UK expanded the scope of existing energy-related goods and services prohibitions from the 2019 Regulations. These provisions now capture the export of energy-related goods to Russia, regardless of their eventual point of use (which could be outside Russia), the making available of energy-related goods to a person connected with Russia, and the provision of technical assistance, financial services and funds, and brokering services related to these activities. Посилання на оригінал
21.07.2022
21.07.2022
United Kingdom
Trade restrictions
Services ban
Russia
Energy - Energy sector
UK expanded the scope of existing energy-related goods (tubes, pipes and hollow profiles; rock-drilling or earth-boring tools, interchangeable, with working parts of sintered metal carbides or cermets; rock-drilling or earth-boring tools, interchangeable, with working parts of diamond or agglomerated diamond; liquid elevators (excl. pumps); parts of liquid elevators, n.e.s.; mobile drilling derricks) and services prohibitions from the 2019 Regulations. Prohibitions on energy-related services, such as drilling or well testing, are expanded so that it is prohibited to provide these services to all oil and gas exploration and production projects in Russia. Посилання на оригінал
21.07.2022
21.07.2022
United Kingdom
Transport ban
Flight ban
Russia
Transport - Aerospace
UK clarified that aircraft or ships owned via a majority interest in a company are in scope under shipping and aircraft sanctions. Посилання на оригінал
18.07.2022
18.07.2022
United Kingdom
Trade restrictions
Export ban
Russia
Energy - Oil
Extended the list of energy-related goods (oil and gas exploration data, hydraulic fracturing items) (Schedule 3) which are prohibited from exporting to Russia by the 2019 Regulations. Посилання на оригінал
15.07.2022
15.07.2022
United Kingdom
Financial restrictions
Investment ban
Russia
Investments
UK prohibited people and entities from undertaking certain investment activities (and services directly related to those investments) in respect of land located in Russia, persons connected with Russia, relevant entities, joint ventures, opening a representative office or establishing a branch or subsidiary located in Russia, including: (a) direct acquisition of any ownership interest in land located in Russia; (b) indirect acquisition of any ownership interest in land located in Russia for the purpose of making funds or economic resources available directly or indirectly to, or for the benefit of, a person connected with Russia; (c) direct acquisition of any ownership interest in or control over entities connected with Russia; (d) indirect acquisition of any ownership interest in or control over entities connected with Russia for the purpose of making funds or economic resources available directly or indirectly to, or for the benefit of, a person connected with Russia; (e) direct or indirect acquisition of any ownership interest in or control over entities with a place of business in Russia (which are not persons connected with Russia) for the purpose of making funds or economic resources available directly or indirectly to, or for the benefit of, a person connected with Russia; (f) establishing joint ventures with a person connected with Russia; (g) opening representative offices or establishing branches or subsidiaries located in Russia; (h) the provision of investment services directly related to all activities above. The purpose mentioned in paragraph (b), (d) and (e) above is making funds or economic resources available - (a) directly or indirectly to a person connected with Russia; or (b) for the benefit of a person connected with Russia. Economic resources are made available to a person connected with Russia only if that person would be likely to exchange the economic resources for, or use them in exchange for, funds, goods or services; making funds or economic resources indirectly available to a person connected with Russia includes, in particular, a reference to making them available to a person who is owned or controlled directly or indirectly (within the meaning of regulation 7) by a person connected with Russia; and funds or economic resources are made available for the benefit of a person connected with Russia only if that person thereby obtains, or is able to obtain, a significant financial benefit, and “financial benefit” includes the discharge (or partial discharge) of a financial obligation for which the person connected with Russia is wholly or partly responsible. Person directly or indirectly acquiring any ownership interest in or control over a person or entity means person acquiring any (a) share in the person or entity; (b) voting rights in the person or entity; (c) right to appoint or remove a majority of the board of directors of the person or entity; or (d) means of ensuring that the affairs of the person or entity are conducted in accordance with the wishes of person where it is reasonable, having regard to all of the circumstances, to expect that person would (if person chose to) in most cases or significant respects, by whatever means, be able to do so. “Branch” means, in relation to a person other than an individual, a place of business which forms a legally dependent part of that person and which carries out all or some of the transactions inherent in the business of that person; “investment services” has the same meaning as it has in regulation 16 (dealing with transferable securities or money-market instruments); “relevant entity” means a person, other than an individual, which has a place of business located in Russia but is not a person connected with Russia; "directly or indirectly acquiring any ownership interest in or control over a person or entity" means a person directly or indirectly acquiring: any share in the person/entity; any voting rights in the person/entity; any right to appoint or remove a majority of the board of directors of the person/entity; or any means of ensuring that the affairs of the person/entity are conducted in accordance with that person's wishes. Посилання на оригінал

Prohibition does not apply to satisfaction of an obligation of person arising under a contract concluded before 19 July, or an ancillary contract necessary for the satisfaction of such a contract, provided that person has notified the Treasury no later than the day five working days before the day on which the act is carried out.
Prohibitions are not contravened by a person dealing, directly or indirectly, with (a) a transferable security where such dealing is prohibited by regulation 16; (b) a relevant security issued by a person connected with Russia; (c) a relevant security issued by a relevant entity.
Prohibitions do not apply to anything done under the authority of a licence issued by the Treasury for an extraordinary situation, humanitarian assistance activity, the provision of medical goods or services for the benefit of the civilian population of a country, the import, export or use of medical goods, the production or distribution of food for the benefit of the civilian population of a country, the carrying out the function of a diplomatic mission or consular post in Russia, or of an international organisation enjoying immunities in accordance with international law, the carrying out the function of a diplomatic mission or consular post of Russia in the UK, the promotion of the safety and soundness of a firm which is supervised by the Bank of England, the Prudential Regulation Authority or the Financial Conduct Authority, spaceflight activity.

“Dealing with” a relevant security issued by a person connected with Russia or by a relevant entity includes a reference to purchasing or selling the security, providing investment services relating to the security or assisting in the issuance of the security;
“relevant entity” shall have the same meaning as it has in regulation 18B (investments in relation to Russia);
“relevant security issued by a person connected with Russia” means a security issued by – (a) a person connected with Russia; (b) a person, other than an individual, which is owned by a person falling within sub-paragraph (a); or (c) a person, other than an individual, acting on behalf or at the direction of a person within sub-paragraph (a) or sub-paragraph (b); which – (d) is negotiable on the capital market; (e) is of any of the following kinds, but excluding instruments of payment – (i) shares in companies and other securities equivalent to shares in companies, partnerships or other entities, and depositary receipts in respect of shares; (ii) bonds or other forms of securitised debt, including depositary receipts in respect of such securities; (iii) any other securities giving the right to purchase or sell any security of a kind mentioned in paragraph (i) or (ii) ; and (f) was admitted to trading on a regulated market or multilateral trading facility prior to the coming into force of the Amendment (No. 12) Regulations;
“relevant security issued by a relevant entity” means a security issued by a relevant entity, negotiable on the capital market, of any of the following kinds, but excluding instruments of payment—(a) shares in companies and other securities equivalent to shares in companies, partnerships or other entities, and depositary receipts in respect of shares; (b) bonds or other forms of securitised debt, including depositary receipts in respect of such securities; (c) any other securities giving the right to purchase or sell any security of a kind mentioned in paragraph (a) or (b) .
“transferable security” has the same meaning as it has in regulation 16 (dealing with transferable securities or money-market instruments).

19.07.2022
19.07.2022
United Kingdom
Trade restrictions
Additional tariff
Russia
Comprehensive goods
The UK has announced an additional tariffs by 35 % on products such as chemicals, platinum, and palladium (around £1.4 billion worth of products). Посилання на оригінал
09.05.2022
20.07.2022
United Kingdom
Financial restrictions
Investment ban
Russia
Investments
UK prohibited people and entities from undertaking certain investment activities (and services directly related to those investments) in respect of land located in Russia, persons connected with Russia, relevant entities, joint ventures, opening a representative office or establishing a branch or subsidiary located in Russia. Посилання на оригінал
19.07.2022
30.08.2022