UK government confirms list of luxury goods sanctions against Russia

22 Apr '22

2 min read

Pic: Sorbis/Shutterstock

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. The statutory instrument has laid down the list of banned luxury goods.

The list contains the various HS codes and outlines that the sanctions include any item that falls within the codes, provided that the sales price per item exceeds £250, UKFT said in a press release.

UKFT had 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. 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. It covers 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 export, expropriation and breach of contract and actions UK businesses should be taking now.

Fibre2Fashion News Desk (RR)

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