Breaching Trade Sanctions? Surely Not!
How do you ensure that you are not breaching trade sanctions when buying TSCM equipment?
Take a look at the latest Verrimus YouTube video from Gavin Saul, our Government Services Director. Purchasing TSCM equipment which is manufactured and sold from a country that has had sanctions imposed could lead to trouble.
When we contacted the Department of Business and Trade to seek guidance, they explained;
- The Department of Business and Trade urges UK companies to be familiar with the Russia Sanctions Guidance. https://www.gov.uk/government/publications/russia-sanctions-guidance/russia-sanctions-guidance
- “Within this link, point 1.4 titled Trade Sanctions provides detail on what trade prohibitions are imposed. Technical equipment would very much be classified as prohibited in line with goods and technology.” (Advice received directly from The Department of Business and Trade).
A UK entity purchasing a piece of equipment, that is manufactured and distributed by Russia, should not be happening. Buyer beware! Don’t settle for the assurances from an equipment sales team. Do your own research and ensure you are not breaching trade sanctions.