Overseas Trade: Russia

(asked on 10th February 2025) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps his Department is taking to support businesses that have experienced financial losses in relation to restrictions on trade with Russia.


Answered by
Douglas Alexander Portrait
Douglas Alexander
Minister of State (Cabinet Office)
This question was answered on 27th February 2025

Our sanctions are designed to minimise impact on the UK and avoid unintended consequences. We have sought to minimise the impact on businesses through implementing appropriate exceptions, specific export licences where appropriate, and wind-down periods when some sanctions are introduced. We have also published impact assessments alongside all Russia sanctions legislation.

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