Posted on Mar 15, 2022
New U.K. sanctions target Russian vodka, luxury vehicles, fashion and artwork
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https://www.npr.org/2022/03/15/ [login to see] /uk-russia-sanctions-trade-oligarchs
The United Kingdom announced a new slate of sanctions against Russia on Tuesday, aimed at isolating and exerting pressure on the country's economy amidst its war of aggression in Ukraine.
The measures include a ban on exports of high-end luxury goods to Russia — in line with other G-7 nations — and steep import tariffs on goods like vodka, artwork and antiques. The U.K. is also denying Russia and Belarus access to "most favoured nation" tariffs for hundreds of exports, which officials say deprives the countries of key benefits of World Trade Organization membership.
The United Kingdom announced a new slate of sanctions against Russia on Tuesday, aimed at isolating and exerting pressure on the country's economy amidst its war of aggression in Ukraine.
The measures include a ban on exports of high-end luxury goods to Russia — in line with other G-7 nations — and steep import tariffs on goods like vodka, artwork and antiques. The U.K. is also denying Russia and Belarus access to "most favoured nation" tariffs for hundreds of exports, which officials say deprives the countries of key benefits of World Trade Organization membership.
New U.K. sanctions target Russian vodka, luxury vehicles, fashion and artwork
Posted from npr.org
United Kingdom
Russia
Ukraine
International Trade
Economics
Posted 2 y ago
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Thankfully, a lot of other countries including the US make some good vodka.
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PO1 William "Chip" Nagel
...""The UK stands shoulder to shoulder with our international partners in our determination to punish [Russian President Vladimir] Putin for his barbaric actions in Ukraine, and we will continue our work to starve his regime of the funds that enable him to carry them out," International Trade Secretary Anne-Marie Trevelyan said in a statement.
The government says the export ban will likely affect luxury vehicles, high-end fashion and works of art, and will "make sure oligarchs and other members of the elite ... are deprived of access to luxury goods." It says it will take effect shortly, with more details to be announced "in due course."
It also published a list of goods that will now face an additional 35% tariff, on top of existing rates. Those include iron, steel, copper, aluminum, beverages, spirits and vinegar, glass and glassware, cereals, machinery, works of art, antiques, fur skins and artificial fur, ships and whitefish."...
...""The UK stands shoulder to shoulder with our international partners in our determination to punish [Russian President Vladimir] Putin for his barbaric actions in Ukraine, and we will continue our work to starve his regime of the funds that enable him to carry them out," International Trade Secretary Anne-Marie Trevelyan said in a statement.
The government says the export ban will likely affect luxury vehicles, high-end fashion and works of art, and will "make sure oligarchs and other members of the elite ... are deprived of access to luxury goods." It says it will take effect shortly, with more details to be announced "in due course."
It also published a list of goods that will now face an additional 35% tariff, on top of existing rates. Those include iron, steel, copper, aluminum, beverages, spirits and vinegar, glass and glassware, cereals, machinery, works of art, antiques, fur skins and artificial fur, ships and whitefish."...
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