New sanctions unit launched with ‘enhanced powers’ to fine businesses

The Secretary of State for Business and Trade, Jonathan Reynolds MP, noted that “sanctions are vital in defunding Putin’s illegal war and only by working hand in hand with business can we make them as effective as possible.” While, Chloe Cina, international sanctions expert and Royal United Services Institute (RUSI) fellow, added: “Investing in a new specialist unit to issue guidance, grant licences, and enforce certain trade sanctions across 21 UK regimes is compelling evidence that the novel measures introduced as part of the UK’s response to Russia’s invasion of Ukraine are here to stay.”