Britain imposes restrictions on the export of luxury goods to Belarus

Britain imposes restrictions on the export of luxury goods to Belarus

The effect of the measure is £60 million (approximately €70 million).

The British government will on Tuesday move forward with legislation that would allow it to implement these sanctions imposed on Russian rule after the invasion of Ukraine on February 24.

According to a foreign ministry statement, the UK will ban exports to Belarus of “luxury goods such as refined petroleum products, advanced technology components used in quantum computing and works of art”.

At the same time, the import of “Belarusian iron and steel” is prohibited.

The British government also intended to restrict Belarus’ access to the financial services sector, for example by preventing more Belarusian companies from issuing loans in London.

The United Kingdom accused President Alexander Lukashenko’s government of “actively facilitating an invasion” of Ukraine by Russian President Vladimir Putin by allowing Russia to use its territory and airspace to attack the neighboring country.

The measures announced today are on top of previous ones, including a 35% increase in tariffs on various Belarusian products, as well as sanctions against Lukashenko and senior government officials.

Also read: Swedish PM pledges support and sanctions to Ukraine

Always be the first to know.
Consumer Choice and Five Star Award for Online Press for the sixth year in a row.
Download our free app.

READ  New Jersey governor condemns household occasion at a packed Airbnb with over 700 company

About the author: Cory Weinberg

"Student. Subtly charming organizer. Certified music advocate. Writer. Lifelong troublemaker. Twitter lover."

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *