Overseas Trade: Russia

(asked on 25th February 2022) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what proportion of the total value of UK-Russian trade will be affected by the implementation of sanctions on Russia for the invasion of Ukraine.


Answered by
Mike Freer Portrait
Mike Freer
Parliamentary Under-Secretary (Ministry of Justice)
This question was answered on 4th March 2022

The United Kingdom is in the top 20 of Russia’s trading partners and our action is coordinated with international partners, magnifying impact.

Data from the Office for National Statistics show that in the four quarters to the end of Q3 2021, Russia accounted for 1.3% of total United Kingdom trade, and 0.7% of the United Kingdom’s exports. In 2021, the commodity codes covered in Schedule 2A of the new legislation accounted for 11.8% of United Kingdom goods exports to Russia (HMRC). Although the situation is evolving, impact assessments have been published alongside the recent legislation which provide further detail.

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