Keep an eye on duties…

Keep an eye on duties…

The war in the Ukraine has led the UK government to put sanctions in place on goods from Russia and Belarus.

Import duty of 35% of the value of the goods is currently charged. Please make sure that your purchasing department is aware.

A company I worked with recently had not updated their buyers, who continued to purchase components manufactured in Russia, resulting in a considerable increase in the cost of the components because of the new duty.