U.K. Bans Luxury Goods Exports to Russia Over War in Ukraine
- Also raises imports tariffs for Russian vodka, other products
- Says aim is to ‘isolate Russian economy from global trade’
Products including vodka, fertilizers, steel and aluminum will face a tariff increase.
Source: Bloomberg
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The U.K. government announced a ban on exporting luxury goods to Russia and imposed new tariffs on Russian imports, its latest wave of sanctions over the invasion of Ukraine.