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<p>With allies, we continue to impose the most severe economic sanctions Russia has
faced, stifling the Russian economy.</p><p> </p><p>According to Department for International
Trade analysis of HMRC trade data, UK-Russia trade in goods that is now wholly or
partially sanctioned was worth £19bn in 2021.</p><p> </p><p>Office for National Statistics
analysis shows that UK goods exports to Russia in June 2022 were 67% lower than average
monthly exports in the 12 months to February 2022, while UK goods imports from Russia
were 97% lower. This was the lowest value of UK goods imports from Russia since records
began in January 1997.</p>
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