Latest on the crisis in Ukraine
Our latest ICAEW Insights articles on the crisis in Ukraine and its impact on the region.
The accountant keeping firms on the right side of the law
Five years working on the Robert Maxwell insolvency, an inquiry into payments transfers in the Premier League, and running KPMG’s forensic business in Russia have served Nigel Layton well, as he helps clients navigate complex supply chain due diligence.
Why do we need the Economic Crime Bill 2.0?
The Economic Crime Act was brought in swiftly in order for the UK to respond effectively to Russia’s actions in Ukraine. The second Economic Crime Bill is on the way. Why is it necessary?
Sources of support for Ukraine
Free UK immigration advice for Ukrainians
The Ukraine Advice Project UK are providing a free service to connect Ukrainian citizens in need of free legal advice on UK immigration, visas and asylum with qualified and regulated lawyers.
Taking humanitarian aid out of Great Britain to support Ukraine
Guidance for organisations sending goods for humanitarian aid purposes using a simplified customs process. It explains which goods cannot be taken using the simplified process, how to move goods in your baggage or a small vehicle, and how to move goods as freight in a larger vehicle.
Ways to help
UCL School of Slavonic and East European Studies (SSEES) information on how to help Ukrainian refugees, and signposts for support.
What can you do to support Ukraine & Ukrainians?
Information on how to support Ukrainians, with a list of organisations taking donations, donation points in the London area, how to make demonstrations of support, and Ukrainian media outlets and journalists to follow for information.
Trade measures to support Ukraine
EU takes steps to suspend all duties on imports from Ukraine
European Commission press release announcing a proposal to suspend import duties on all Ukrainian exports to the European Union for a year. The proposal now needs to be considered and agreed by the European Parliament and the Council of the European Union.
UK announces new trade measures to support Ukraine
Government press release announcing new trade measures as part of broad UK economic support to Ukraine. This includes the UK cutting tariffs on all goods from Ukraine to zero under the UK-Ukraine FTA, to help provide Ukraine with economic support.
The UK, US, EU and many other countries have imposed economic sanctions on Belarus and Russia in response to the annexation of Crimea in 2014 and the invasion of Ukraine in 2022, targeting specific sectors of the Belarusian and Russian economy and individuals (including Ukrainian nationals associated with the Luhansk People's Republic and Donetsk People's Republic).
The consolidated list of Financial sanctions targets is published by the Office of Financial Sanctions Implementation HM Treasury.
To find out more about what the sanctions mean for accountants, please check our Ukraine crisis: central resource hub.
See our pages on Belarus and Russia for further details of the sanctions imposed on each country.
Economic impacts of the Ukraine crisis
Resources on the global economic impacts of the Ukraine crisis.
How bad is the Ukraine war for the European recovery?
Report by the European Investment Bank analysing the economic shock caused by the war, and the reverberations felt by EU households, firms,
banks and governments. According to the report, higher energy prices and trade disruptions could destabilise EU firms already weakened by the pandemic.
OECD Economic Outlook
Presents a useful global picture of current developments. The June 2022 edition concludes that the war in Ukraine is slowing the global recovery and highlights the reduced country-by-country growth projections for 2022.
Market impact of Ukraine conflict
Latest data, analysis and insight from the Agriculture and Horticulture Development Board on how the conflict in Ukraine could affect UK arable and livestock markets.
ICIS topic page: Ukraine
Regularly updated page from Independent Commodity Intelligence Services which examines the impact of the Ukraine conflict on oil, gas, fertilizer and chemical markets.
The Ukraine war and threats to food and energy security
Paper from policy institute Chatham House examining the direct impacts of the conflict on the energy, food and fertilizer markets. Considers the potential for cascading economic, social and security risks around the world and the ways in which policy and market responses may mitigate or exacerbate these risks.
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