Russia’s invasion of Ukraine on Wednesday 23 February has drawn a swift international response from western economies, including the UK.
This response includes what prime minister Boris Johnson called a “massive package” of UK trade sanctions against Russia aimed at ensuring the invasion ends in economic failure, unveiled on Thursday 24 February – with more sanctions to come.
The United States, Canada, the EU, Japan, Australia, New Zealand and other nations have also unveiled the first of their trade sanctions against Russia.
Impact on trade
The IOE&IT is working directly with government to ensure traders have access to information, advice and guidance.
As part of this effort, the IOE&IT is hosting a free one-hour webinar, entitled ‘How to comply with trade sanctions against Russia’, on Wednesday 2 March at 11am.
Wednesday 2 March at 11am-12 noon GMT
- Learning outcomes
The one-hour webinar will feature trade experts covering:
- An overview of global trade sanctions against Russia (as they stand currently) including the sectors most affected and the commodity codes impacted – with guidance on complying with those sanctions
- Key principles of sanctions compliance: know your customer, your products, their final destination and end use
- Impact on indirect trade (‘Tier 2 and 3 supply’) with Russia and advice on how to manage this
- Impact on payments
- Where to get further information and guidance
How to register
You can register here to book your attendance and if desired, submit questions in advance to our trade sanctions experts.
Host: Aimee Maltman MIEx (Grad), director of the IOE&IT Academy
Dr Roger Arthey BSc MIExCP, chairman, Export Control Profession Board
Dr Rebecca Harding, CEO, Coriolis Technologies (author of The Weaponization of Trade: The Great Unbalancing of Policy and Economics)
Paul O’Donnell, corporate affairs director, IOE&IT
Ray Burgin MIExCP, trade and customs specialist, IOE&IT