Overseas Trade: Russia
The question
To ask the Secretary of State for Business and Trade, what information his Department holds on the amount of trade insured by UK-based companies with a final destination in Russia.
Answered by Mr Douglas Alexander
The Department does not hold information concerning the amount of trade insured by UK-based companies with a final destination in Russia. The government has sanctioned the provision of insurance in certain circumstances and it is a criminal offence to breach these sanctions unless a licence has been granted for the activity.
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