SAWT BEIRUT INTERNATIONAL

| 28 February 2024, Wednesday |

UK removes all tariffs on imports from Ukraine

On Tuesday, the British government announced the elimination of all tariffs covered by the existing UK-Ukraine trade deal, as well as new penalties against Russia’s economy.

According to UK International Trade Secretary Anne-Marie Trevelyan, the decision was made in response to a direct request from Ukrainian President Volodymyr Zelenskyy to boost the Ukrainian economy.

 

“Removing tariffs on key Ukrainian exports including barley, honey, tinned tomatoes, and poultry will help Ukrainian businesses and producers when they need it most,” she noted.

The UK also announced a ban on exporting some products and technology to Russia.

“The products targeted could include interception and monitoring equipment and will close any existing loopholes to ensure that Russia is not buying these goods from the UK,” said Trevelyan.

Last week, the UK had announced it was enhancing its current tariff sanctions against Russia by expanding the list of products subject to import bans and increased tariffs, including new bans on silver and wood products and tariffs by raised 35 percentage points on goods like diamonds and rubber.

 

 

    Source:
  • Anadolu Agency