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Ukraine

Looking for information on Ukraine? We offer a range of resources including updates on developments and support following the invasion of Ukraine.
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Latest on the crisis in Ukraine

Our latest ICAEW Insights articles on the crisis in Ukraine and its impact on the region.

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Exports: what you can learn from record £1m sanctions fine
  • Article
  • 10 Nov 2025
A UK exporter paid the price when selling goods to a company incorporated in Russia operating in a third country. The case highlights the need for businesses to completely understand sanctions rules and their implications.
A small russian flag pinned in a brown globe
Investment risk: lessons from Russia
  • Podcast
  • 20 Jun 2025
In this episode of Behind the Numbers, we discuss how businesses can best navigate geopolitical risk.
Man in suit pulling out some bank notes from an envelope
New sanctions for Russia as Ukraine war enters fourth year
  • Article
  • 26 Feb 2025
UK announces largest sanctions package against Russia since 2022, imposing 107 new measures to disrupt funds going into Putin’s war chest.
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Trade measures to support Ukraine

EU takes steps to suspend all duties on imports from Ukraine
  • European Commission

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
  • Department for International Trade

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.

UK-Ukraine digital trade set to grow
  • Department for Business and Trade
Announcement of the UK-Ukraine Digital Trade Agreement (DTA), in force from 1 September 2024. The agreement will facilitate trade of digitally delivered goods and services between the UK and Ukraine.
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Sanctions on Belarus and Russia

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

Over 1,000 companies have curtailed operations in Russia—but some remain
  • 15 Sep 2025
  • Yale School of Management

Searchable list of companies around the world, across industry sectors, in categories covering those which have withdrawn from Russia, suspended operations, scaled back operations, postponed plans and those which are continuing operations as usual.

Ukraine harvest and exports behind in 2025
  • 29 Jul 2025
  • Agriculture and Horticulture Development Board
Data and analysis of Ukraine's exports of cereals and oilseeds compared to 2024 showing a decline in production and export capacity. This could create export opportunities for the UK and other grain producers.
Future European Union gas imports: balancing different objectives
  • 03 Jul 2024
  • Bruegel
Analysis of gas import and export data outlining potential scenarios as the EU aims to end all Russian gas imports by 2027. It looks at diversification of sources and access to global reserves, as well as strategic criteria.
Global impact of war in Ukraine on food, energy and finance systems
  • 02 Aug 2022
  • UNCTAD

Brief from UNCTAD providing data on food and energy markets and countries with significant exposure to supply shocks. Also covers the impact of the war on global supply chains and financial markets. Further briefings were published on the cost-of-living crisis and energy crisis.

Disclaimer

ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided 'as is' with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.

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Topics in depth

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Accounting in Ukraine
Find accounting standards, local contacts and background knowledge.
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Doing business in Ukraine
Find business guides, support networks and help on importing and exporting.
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Tax in Ukraine
Look up tax rates, the latest tax news and information on double taxation treaties.
We can also search a range of international databases on your behalf to locate information from corporate tax rates to financial data on local companies. If you would like more help or can't find what you're looking for, please contact the enquiry team by phone on +44 (0)20 7920 8620 or by email at library@icaew.com.

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