Affects of Russia on BJGI industries
As the Russian invasion of Ukraine evolves BJGI are providing industry relevant updates to members and working with them to gain feedback on how the situation is affecting industry companies in order to report back to the govermnent on behalf of the BJGI sectors.
Webinars
Businesses may find the following webinar useful, it will be hosted by government officials about the recent changes to UK sanctions relating to Russia:
UK sanctions against Russia, Thursday 24 March, 14:00 – 15:30 GMT
The webinar will cover; the scope of sanctions, scope and application of trade sanctions; financial sanctions: restrictions and general licenses; the Export Support Service and enforcement of trade sanctions. Further details can be found here, and you can register here.
Jobs for skilled Ukrainian refugees
Many Ukrainian refugees entering the UK will be highly skilled and may prove to be a valuable asset to UK companies. BJGI are working closely with government departments and DWP to support skilled individuals from Ukraine, we are reaching out to companies to advise us if there are any opportunities or openings to offer these skilled individuals jobs in our sector. Should you have any opportunities that you could potentially offer to support these individuals through this very difficult time please do get in touch with us international@batf.uk.com
Company feedback
BJGI are currently working with various government departments to understand the impact of Russia’s invasion of Ukraine and how this has affected our member companies. As Russia is a leading player in commodities, the sanctions on Russia could likely flare up commodity prices, how is this likely to affect your business? There have been discussions around imposing 35% tariffs on imports from Russia, if this comes in to effect what impact would this have on your business?
With many products currently being manufactured in China, should China take the decision to back Russia, they could also be sanctioned, BJGI would like to understand again what impact this would have on those members who heavily rely on China manufacturing/imports.
As a result of the current situation, has there been a surge in product prices to the end consumer to cover increased costs of materials, manufacturing or delivery etc?
Have businesses noticed that consumers are making the decision not to buy certain goods that are manufactured in Russia or China?
Any feedback on the above or anything else in relation to the situation would be appreciated, so that we can understand the impact on our industry and as always represent our industries’ views to the government.
Please send feedback to international@batf.uk.com
Donation
We are pleased to report that the federation that BJGI is part of, British Allied Trades Federation (BATF), has donated £5,000 to the Ukrainian humanitarian crisis on behalf of its Trade Associations.
BATF has donated £5,000 to the Disasters Emergency Committee’s (DEC) Ukraine Humanitarian Appeal to help provide much-needed food and supplies for those fleeing the conflict. This is on behalf of British Jewellery and Giftware International, The National Association of Jewellers, The Giftware Association and Surface Engineering Association.
While hope continues for a peaceful resolution, millions of Ukrainian refugees require immediate support, donations to the fund will be used to provide urgent supplies where they are needed most. The UK Government has pledged to fund match donations to DEC up to a total of £20 million, meaning contributions are automatically doubled. BATF encourage and support member companies to contribute to this vital appeal in any way they can.
Donation Link - https://www.dec.org.uk/appeal/