Russia sanctions regime: industry and specialist guidance
Statutory guidance and additional industry guidance on the UK’s Russia sanctions: sanctioned persons, banks, goods and services and the Oil Price Cap (OPC) and related services.
The Russia sanctions regime is aimed at:
- encouraging Russia to cease actions destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine
- promoting the payment of compensation by Russia for damage, loss or injury suffered by Ukraine on or after 24 February 2022 as a result of Russia’s invasion of Ukraine
Financial sanctions
The statutory guidance explains the prohibitions and requirements that apply. These documents provide further guidance.
Trade sanctions
The statutory guidance explains the prohibitions and requirements that apply. These documents provide further guidance.
Circumvention
Maritime Services Ban and Oil Price Cap (OPC) exception
The Maritime Services Ban prohibits the transportation by ship of Russian oil and oil products from a place in Russia to a third country, or from one third country to another. It also bans certain services associated with such transportation.
The OPC exception allows the supply or delivery of Russian oil and oil products by ship, as well as provision of associated services – so long as the price paid for Russian oil or oil products is at or below the relevant price cap.
Sanctions on providing standalone services
The statutory guidance explains the prohibitions and requirements that apply to providing services to persons connected with Russia , including:
- accounting and auditing
- advertising and public relations
- architectural and engineering
- business and management consulting
- IT consultancy and design
- legal advisory
These documents provide further guidance.
Sanctions on imports
Guidance for non-UK businesses operating outside the UK
Guidance to help non-UK businesses understand UK sanctions and how they may impact on their business operations outside the UK. Includes practical steps for businesses to manage sanctions risks and increase compliance.
Notices to exporters relating to Russia trade sanctions
The Export Joint Control Unit (ECJU) sends updates about significant changes to the regime. To receive these updates, subscribe to Notices to exporters.