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Today the Government has announced further sanctions of exports of certain goods and services to Russia, following Russia’s illegal annexation of four regions in Ukraine. The new sanctions aim to add further economic pressures in Russia by targeting vulnerabilities and disrupting crucial supply chains.
Among these new sanctions are restrictions on UK exports of advertising services to Russia. We strongly encourage any advertising and marketing businesses providing services to Russia to take note of this announcement so to avoid being in breach of these new sanctions.
You can find the Government’s press release here.
In response to the news, Stephen Woodford, CEO, Advertising Association said:
“UK advertising and marketing businesses still providing services to Russia should urgently take note of the UK government’s announcement today. As the industry’s trade body, we fully support these measures, as well as the decision of many companies who have already ceased trading with Russia.
Companies will be breaking the law if they export advertising and marketing services to Russia or to persons connected to Russia once the legislation comes into force, with limited exceptions. We urge businesses to act now to avoid illegal trading. We will continue to work with government to ensure that these sanctions have the maximum impact on Putin’s regime whilst minimising disruption to UK businesses and ensuring legitimate and necessary activity may continue.”
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