UK & Europe
On the 4th May 2022, the UK government announced further sanctions, restricting Russia’s access to the UK services industry. Under the new sanctions, Russia is barred from accessing the UK’s management consulting, accounting and PR services, which represent 10% of Russian imports in these sectors.
The UK government has also announced 63 new sanctions aimed at individuals and entities furthering the Russian narrative on the invasion of Ukraine. Those sanctioned include:
The government press release can be found here: Russia cut off from UK services - GOV.UK (www.gov.uk)
The latest financial notice detailing the newly sanctioned individuals and entities can be found here: Notice_Russia_040522_1.pdf (publishing.service.gov.uk)
The UK government also sanctioned steel manufacturing and mining company, Evraz plc. The company is strategically significant to Russia, producing 28% of the country’s railway wheels and 97% of its rail-tracks.
The government press release can be found here: Russia: UK sanctions major manufacturer of Russian steel - GOV.UK (www.gov.uk)
The notice can be found here: Notice_Russia_050522.pdf (publishing.service.gov.uk)