Britain bans exports of luxury goods to Russia

Day-after-day, new sanctions are added to the sanctions steps that began after Russia’s assault on Ukraine.

On this context, the UK implements one other sanction.

EXPORT OF LUXURIOUS PRODUCTS IS PROHIBITED

Within the assertion made by the British authorities, it was acknowledged that it was determined to ban the export of high-quality luxury goods to Russia.

Within the assertion, it was famous that because the final step of the final sanctions, the precept of Most Favored Nation Registration in Phrases of Worldwide Legislation, which is utilized inside the scope of the World Commerce Group, in tons of of merchandise in commerce with Russia will not be noticed.

ADDITIONAL 35 PERCENT TAX ON IMPORT FROM RUSSIA

Within the authorities’s assertion, it was acknowledged that it was determined to apply an extra tax of 35 p.c as well as to the prevailing taxes on the imports of tons of of merchandise from Russia, together with vodka, metal, fertilizer, cement, grain and fur merchandise.

Within the assertion, aluminium, mushy drink merchandise, glass merchandise, oil, paper, equipment, works of artwork and vintage items had been additionally included among the many gadgets that had been determined to apply further tax on the UK’s imports from Russia.

Within the authorities’s assertion, it was acknowledged that Britain’s annual vodka imports from Russia are on the degree of roughly 900 million kilos.

“WE ARE SHOULDER SIDE WITH OUR PARTNERS”

British Minister of Worldwide Commerce Anne-Marie Trevelyan, whose evaluations had been included within the assertion, “We stand shoulder to shoulder with our worldwide companions in our dedication to punish Russian President Vladimir Putin for his barbaric actions in Ukraine.” used the phrase.

Finance Minister Rishi Sunak “Our new tariffs will additional insulate the Russian financial system from world commerce and make sure that it doesn’t profit from the rules-based worldwide system it (as a rustic) doesn’t adhere to.” made its evaluation.

International Minister Liz Truss, alternatively, shared the next on her social media platform Twitter account:

“As of in the present day, the quantity of folks and establishments (to which we are going to impose sanctions) for the reason that invasion of Russia (Ukraine) will exceed a thousand.”