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<p><strong> </strong></p><p> </p><p><strong> </strong></p><p> </p><p>It is difficult
to assess the impact of sanctions because of the problem in isolating their impact
from other factors affecting Russia’s economy.</p><p> </p><p> </p><p> </p><p>Our on-going
dialogue with UK industry suggests that it understands the purpose of the sanctions
and is appreciative of the Government’s support. Their main concerns are that sanctions
should be as unambiguous as possible, are applied consistently across the EU, that
action is taken to stop back-filling (Russia replacing EU trade with trade from third
countries) and that licence applications are processed promptly.</p><p> </p><p> </p><p>
</p><p><strong> </strong></p><p> </p>
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