Two months on since Russia’s invasion into Ukraine, we continue to see the devastating impact, with many civilians being displaced as well as a huge impact in loss of life. This invasion has attracted attention from across the globe, from global shipping giants such as Maersk suspending their shipments to and from Russia, to world leaders imposing sanctions to destablise Russia’s economy.
On top of the existing sanctions from the UK Government which include (not exhaustive) a ban on Russia’s flights in UK airspace as well as a ban on Russia’s shipments to UK ports; politicians and officials being banned from travelling to the UK and assets being frozen.
The UK Government’s most recent sanctions on Russia have banned exports on products and technology that Russia could use to repress the people of Ukraine. This measure will see the removal of tariffs and quotas on all goods, imported from Ukraine to zero-rated under the UK-Ukraine Free Trade Agreement, providing much needed economic support.
HMRC have published guidance here for ease of reference as well as the full list of sanctions which can be reviewed here.
In addition, the UK has opened its doors to those immediately impacted by the Ukraine crisis by offering civilians from Ukraine housing via the Ukraine sponsorship Scheme (also known as the Homes for Ukraine Scheme). Further information about the scheme can be viewed here and eligibility and how to apply can be found here.
Furthermore, agencies such as ChamberCustoms continue to offer free export declarations for humanitarian aid leaving the UK and the British Chamber of Commerce are offering advice and support for employees and workers, travel and visa advice as well as cyber security support.
Whilst the situation is deeply worrying for many businesses, the British Chamber of Commerce network will continue to work closely with the UK Government to ensure businesses have as much advice, information and support as possible to make decisions, adapt to these circumstances and navigate the challenging times ahead.
Inverness Chamber remains committed to connecting, supporting and representing our members and the wider Highlands and Islands business community. Our bespoke packages of support including international membership and international trade training are specifically designed to meet your business’ needs.
For more information, please do not hesitate to contact our International Team at international@inverness-chamber.co.uk.
