The UK Government has today announced a ban on exports to Russia of high-end luxury goods, while also hitting hundreds of key products with new import tariffs.

  • UK to deny Russia and Belarus access to Most Favoured Nation tariff for hundreds of their exports, depriving both nations key benefits of WTO membership
  • UK government publishes initial list of goods worth £900 million – including vodka – which will now face additional 35 percent tariff, on top of current tariffs.
  • UK to ban exports of luxury goods to Russia alongside G7 allies.

The UK Government has today announced a ban on exports to Russia of high-end luxury goods, while also hitting hundreds of key products with new import tariffs that represent a 35 percentage point hike on current rates.

Change made:
First published.
Time updated:
9:25am, 15 March 2022

Read more: New economic sanctions against Russia

Related Posts

Additional duties on goods originating in Russia and Belarus

Read More

Financial sanctions, Belarus

Read More

Energy letter to BEIS – September 2021

Read More

Want to stay updated?

Sign Up for News:

Newsletters