Please try another search
Economy30 minutes ago (Mar src5, 2022 srcsrc:32AM ET)
© Reuters. FILE PHOTO: Plastic letters arranged to read “Sanctions” are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration
LONDON (Reuters) – Britain announced a new round of sanctions on Russia on Tuesday, targeting hundreds of Russian businessmen, people close to Russian President Vladimir Putin and senior defence officials.
Below is a list of the measures announced by the government on Tuesday:
PUTIN OFFICIALS
Britain imposed sanctions on Russian Defence Minister Sergei Shoigu, the former Russian president and top security official Dmitry Medvedev, Kremlin press secretary Dmitry Peskov and foreign ministry spokesperson Maria Zakharova.
TYCOONS
Britain imposed sanctions on Russian businessmen, including Mikhail Fridman, Petr Aven and Andrei Melnichenko.
The government said the oligarchs sanctioned on Tuesday had a combined estimated worth of more than src00 billion pounds, based on Forbes estimates.
BAN ON LUXURY GOODS
“The export ban will come into force shortly and will make sure oligarchs and other members of the elite, who have grown rich under President Putin’s reign and support his illegal invasion, are deprived of access to luxury goods,” the government said in a statement.
“The ban will likely affect luxury vehicles, high-end fashion and works of art.”
END OF MOST FAVOURED NATION STATUS
Britain will “deny Russia and Belarus access to Most Favoured Nation tariff for hundreds of their exports, depriving them of key benefits of WTO membership,” the government said in a statement.
NEW TARIFFS ON IMPORTS
Britain published a list of goods – including vodka – which will now face additional tariffs of 35%, on top of any existing duties.
Iron, steel, wood, , aluminium, silver, lead, iron ore and beverages are among the Russian imports that will face the higher tariffs, the government said.
Related Articles
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.