MPs to investigate effectiveness and impact of UK’s trade sanctions on Russia
19 January 2023
The International Trade Committee today calls for written evidence submissions for a new inquiry into the UK’s trade sanctions on Russia.
Following its invasion of Ukraine, the UK imposed trade sanctions on Russia. These included restrictions on the export and import on military goods, as well as travel bans and asset freezes.
In a new inquiry, the Committee will explore the role of the Department for International Trade (DIT) in developing, implementing and enforcing trade-related sanctions on Russia.
MPs on the cross-party Committee will examine the interaction between DIT and other Government departments, including the Foreign, Commonwealth and Development Office, the Home Office, HMRC and the Treasury, in enforcing sanctions on Russia.
The Committee will also investigate the impact of trade-related sanctions on UK businesses, supply chains and consumers, and the effectiveness of the Government’s support and guidance. The inquiry will examine whether the UK’s trade policy and approach to international co-operation has mitigated the domestic impact of the sanctions.
Experts, stakeholders and interested parties are encouraged to submit evidence to the inquiry by Friday 17 March.
Commenting on the new inquiry, Angus Brendan MacNeil MP, Chair of the International Trade Committee, said:
“The appalling invasion of Ukraine has rightly solicited strong international sanctions against Russia. As a Committee, we want to understand how effective the UK’s trade sanctions have been, and their impact on businesses and consumers here at home. We’ll also be examining the effectiveness of the Government’s guidance for businesses, and what further support may be required.”