Following the announcement of the illegal annexation of four occupied regions of Ukraine, the UK Government has announced further sanctions on Russia including restrictions on UK exports of advertising services to Russia.
Says Paul Bainsfair, Director General, IPA:
"In response to this grave development, the AA - as the association representing advertisers, agencies, media and research services in the UK advertising industry - has issued a statement to strongly encourage any advertising and marketing businesses providing services to Russia to take note of this announcement to avoid being in breach of these new sanctions. This is a message the IPA fully endorses and one we counsel our members to adhere to."
Stephen Woodford, CEO, Advertising Association says:
"UK advertising and marketing businesses still providing services to Russia should urgently take note of the UK government’s announcement today.
As the industry’s trade body, we fully support these measures, as well as the decision of many companies who have already ceased trading with Russia.
"Companies will be breaking the law if they export advertising and marketing services to Russia or to persons connected to Russia once the legislation comes into force, with limited exceptions. We urge businesses to act now to avoid illegal trading. We will continue to work with government to ensure that these sanctions have the maximum impact on Putin’s regime whilst minimising disruption to UK businesses and ensuring legitimate and necessary activity may continue."
Read the full Government announcement here.
Last updated 01 May 2024