UK announces new tranche of trade sanctions against Russia

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Britain brings in new tranche of trade sanctions against Russia: Cash, jet fuel and weapons tech are among goods on UK government’s new banned list

  • Fresh measures imposed on the Kremlin amid the ongoing conflict in Ukraine
  • Prohibitions on brokering service relating to metal imports also included
  • Ministers have introduced a series of sanctions to crack down on Putin’s regime 

Britain today brought in a new tranche of trade sanctions against Russia – banning cash, jet fuel and weapons technology. 

The ‘Notice to Exporters’ on the government website outlined the range of new measures imposed on the Kremlin amid the ongoing conflict in Ukraine. 

It also said there were new prohibitions on the provision of technical assistance, and financial services, funds, and brokering services relating to iron and steel imports.

Furthermore, exports, supplies and transfers of a number of other goods and technology are banned as well, including those for maritime purposes, oil refining, critical industry and those relating to chemical and biological weapons. 

It follows the last round of sanctions, announced last month, targeting precious metal imports in efforts to crack down on Vladimir Putin’s regime.

Britain today announced a new wave of sanctions on Russia, to crack down on Vladimir Putin's regime

Britain today announced a new wave of sanctions on Russia, to crack down on Vladimir Putin’s regime

Additional oil refining goods and technology are on the UK government's new banned list

Additional oil refining goods and technology are on the UK government’s new banned list

The 'Notice to Exporters' on the government website outlined the range of new measures imposed on the Kremlin amid the ongoing conflict in Ukraine, including bans on goods and technology relating to chemical and biological weapons

The ‘Notice to Exporters’ on the government website outlined the range of new measures imposed on the Kremlin amid the ongoing conflict in Ukraine, including bans on goods and technology relating to chemical and biological weapons 

What the government has banned the export, supply and delivery of in its latest sanctions against Russia 

Internal repression goods and technology

Goods and technology relating to chemical and biological weapons

Maritime goods and technology

Additional oil refining goods and technology

Additional critical industry goods and technology

The UK slapped a new package of measures on Russia – along with Mocsow’s ally Belarus – aimed at £1.7billion worth of trade.

The action by ministers attempts to further cripple Mr Putin’s war machine.

May’s measures against imports from Russia – adding an additional 35 percentage point tariff – cover £1.4billion worth of goods, including platinum and palladium.

Russia is one of the leading platinum and palladium producing countries and is highly dependent on the UK for exports of the precious metals.

In addition, export bans on key materials such as chemicals, plastics, rubber and machinery have hit more than £250million worth of goods.

It has been hoped these will harm sectors of the Russian economy most dependent on UK goods.

The value of products subjected to full or partial import and export sanctions since Mr Putin’s waging of war against Ukraine is now more than £4billion.

The proportion of goods imports from Russia that have now been hit by restrictions is now more than 96 per cent.

More than 60 per cent of goods exports to Russia are also under whole or partial restrictions.

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