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New Economic Sanctions Against Russia

This morning the Government announced further economic sanctions against Russia which could have a significant impact on the UK construction sector. Designed to further isolate Russia from global trade following its invasion of Ukraine, the new measures include an additional 35% tariff on several products imported from Russia, including steel, iron, wood, cement, copper, aluminum, silver, lead and iron ore. A link to the government website which explains the sanctions in more detail is given in the attached AMM.

Dr David Moore
CEO
BCSA

Email: David.Moore@Steelconstruction.org

Download Memo