BY: NewsPeddlers
The United Kingdom has placed another sanctions on Russia and Belarus for their role in the ongoing Russia-Ukraine conflict.
The UK has slapped a range of sanctions on Russian companies and individuals since Russia invaded Ukraine with Belarusian help in February.
The UK’s Department for International Trade said, the import tariffs, including on platinum and palladium, will target trade worth 1.4 billion pounds ($1.7bn) while export bans worth 250 million pounds ($308m) will target Russia’s manufacturing and heavy industry, Aljazeera reported.
“This far-reaching package of sanctions will inflict further damage on the Russian war machine,” Secretary of State for International Trade Anne-Marie Trevelyan said.
The UK’s new sanctions bring the total value of products subjected
to full or partial import and export sanctions to more than 4 billion pounds
($4.9bn).
SOURCE: ALJAZEERA