Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what assessment she has he made of the effectiveness of sanctions against Russia in preventing UK companies from trading in Russia; and what steps she is taking to close loopholes in those sanctions.

The UK has wholly or partially sanctioned £20 billion of UK-Russia goods trade – 96% of 2021 values. Compared to before the invasion, UK goods imports from Russia have fallen by 99.1%, and goods exports to Russia have fallen by 80%. Additional sanctions on services trade will further erode Russia’s ability to keep pace with Western countries.

Sanctions are starving Russia of advanced technologies and degrading their military capabilities, especially as many high-precision weapons rely on Western components.