Overseas Trade: Russia
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking to support businesses that have experienced financial losses in relation to restrictions on trade with Russia.
Answered by Mr Douglas Alexander
Our sanctions are designed to minimise impact on the UK and avoid unintended consequences. We have sought to minimise the impact on businesses through implementing appropriate exceptions, specific export licences where appropriate, and wind-down periods when some sanctions are introduced. We have also published impact assessments alongside all Russia sanctions legislation.
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