UKFT Briefing on Russia and Ukraine for members
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The UK Government has confirmed the list of products which face an export ban to Russia, which covers products priced over £250 including handbags; garments, clothing, accessories and shoes; carpets, rugs and tapestries; pearls, semi-precious stones, and jewellery; sports equipment and clothing. Read more here.
UKFT has prepared a briefing document to outline some of the implications of UK and EU sanctions on Russia and Belarus following the Russian invasion of Ukraine, which is available to UKFT members. For more details on membership read more here or contact firstname.lastname@example.org.
The document was published on 29th March and will be updated as the situation develops. *PLEASE NOTE THIS DOCUMENT IS CURRENTLY BEING UPDATED (21 April 2022)*
This document looks at the immediate implications of the Russian invasion of Ukraine for exporters of UK fashion and textile products (and other products including footwear, accessories and jewellery). It also looks at the interaction of the UK’s sanctions and bans and those levelled by other countries, including the EU, as these too will have a direct bearing on UK businesses.
- Import bans from Russia/Belarus into the UK:
- UK export bans on luxury fashion and textiles:
- EU export bans on luxury fashion and textiles:
- Likely outcomes of the conﬂict and their impact on exports
- Expropriation and breach of contract
- Actions UK businesses should be taking now
UKFT members can email email@example.com for contacts of companies who will be able to identify the risks to their business in Russia and the region and what measures can be taken to mitigate them.