FILE PHOTO: A general view of shipping containers seen from the bridge of the AAL Kobe cargo ship docked at Felixstowe Port, Britain April 16, 2019. REUTERS/Chris Radburn
March 15, 2022
By William James
LONDON (Reuters) -Britain said on Tuesday it would ban the export of luxury goods to Russia and impose a new 35% tariff on 900 million pounds ($1.2 billion) worth of Russian imports, including vodka, metals, fertilisers and other commodities.
The move follows a series of economic sanctions announced by the government to punish Russian President Vladimir Putin for invading Ukraine. Further sanctions against wealthy Russians are expected to be announced later on Tuesday.
“Our new tariffs will further isolate the Russian economy from global trade, ensuring it does not benefit from the rules-based international system it does not respect,” finance minister Rishi Sunak said in a…
