Trade with Russia & the Ukraine - Sanctions & Embargoes - further information (28 February 2022)
A reminder to all BIFA Members to check the sanctions & embargoes now in place in relation to the situation in Russia & the Ukraine.
Due to the situation between Russia and the Ukraine, HM Government has imposed sanctions and embargoes against Russian businesses and individuals. These economic actions are far reaching and Members should read this update in conjunction with two previous updates on the subject: BIFA Member Guidance - UK Sanctions Against Russia - BIFA and BIFA Member Guidance - Business Enquiries Relating to Ukraine and Russia - BIFA.
The sanctions and embargoes listing is complex, and one Member has contacted us with information regarding a Government search tool which simplifies checking the OFSI consolidated list. This device can be located at https://sanctionssearch.ofsi.hmtreasury.gov.uk/ . It covers all the UK Governments' sanctions and embargoes and is heavily dependent on the quality of the information input.