The UK Government has published a Notice to Exporters informing them of Russian trade sanctions circumvention, and the actions they should take when considering the risks.
The notice provides information on:
- Ensuring due diligence with sanctions;
- The procurement cycle highlighting the different stages and types of entities likely used by Russia to acquire restricted goods covertly; and
- Key risk indicators regarding customers, products, and countries/jurisdictions.
Relevant firms should read the notice and take appropriate action to comply with their sanctions obligations.