UK slaps heavy tariffs on Russian imports, including vodka
India Today
The UK has imposed a 35% tariff on Russian imports including vodka. Britain will deny Russia and its ally Belarus access to Most Favoured Nation tariffs under World Trade Organization rules.
Britain on Tuesday imposed an additional 35 percent tariff on a swathe of Russian imports, from vodka to steel, and banned exports of luxury goods over Moscow's invasion of Ukraine.
"We want to cause maximum harm to Putin's war machine while minimising the impact on UK businesses," the Department for International Trade said.
"Russian vodka is one of the iconic products affected by the tariff increases, while the export ban will likely affect luxury vehicles, high-end fashion and works of art."
The list of goods covered by the additional tariffs include steel, wood, cereals, drinks, fur and white fish -- worth £900 million ($1.2 billion, 1.1 billion euros) a year.
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"The export ban will come into force shortly and will make sure oligarchs and other members of the elite, who have grown rich under President Putin's reign and support his illegal invasion, are deprived of access to luxury goods," the DIT said.
Britain will deny Russia and its ally Belarus access to Most Favoured Nation tariffs under World Trade Organization rules.
