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UK imposes new trade sanctions on Russia

2022-03-15T11:54:12.275Z


The luxury goods concerned will notably be high-end cars, fashion or works of art. Vodka is also affected.


The British government imposed trade sanctions against Russia in response to the invasion of Ukraine, including punitive tariffs on vodka and a ban on the export of luxury goods.

"

Russian vodka is one of the emblematic products affected by the increase in customs duties

", which represents an increase of "

35 percentage points compared to current rates

", the Ministry of International Trade said in a statement on Tuesday.

Read alsoChina refuses to be “affected” by sanctions against Russia

The luxury goods concerned will be in particular high-end cars, fashion or works of art, specifies the ministry.

A strengthening of the sanctions regime already in force

"

We want to do the maximum damage to Putin's war machine while minimizing the impact on British businesses, as G7 leaders unite on a new wave of economic sanctions against Moscow

," the ministry said in a statement. his statement.

Read alsoNew UK sanctions against Russian oligarchs

The ban on exports will come into force quickly and to ensure that the oligarchs and other members of the elite who have enriched themselves under the rule of (Russian) President Vladimir Putin and support his illegal invasion, are deprived of luxury goods

,” he insists.

The British government has already imposed a series of sanctions against Russian interests and nationals, with a ban on oil imports and sanctions personally targeting around 20 oligarchs with interests in the United Kingdom, including billionaire Roman Abramovich, owner of the English football club Chelsea.

Source: lefigaro

All business articles on 2022-03-15

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