THE Britain imposed today sanctions to hundreds of new people and entities from Russiausing a new law in order to follow the example of the European Union and the USAtargeting people accused of supporting the Russian president Vladimir Putin.
According to Reuters, Britain, the EU and the US hope the sanctions will prevent Putin from continuing his invasion of Ukraine, which continues for the 20th day today, Tuesday.
In the latest round of sanctions, which came shortly after the passage of the Economic Crime Bill, Britain moved against those close to Putin, such as the former president and prime minister. Dmitry Medvedevthe Minister of Defense Sergei Shoigu and the TV station executive Konstantin Ernst.
Russian businessmen Michael Friedman and Petr Avenoligarchs who amassed wealth before Putin came to power were also targeted by sanctions, as was a Kremlin spokesman. Dmitry Peshkov and the representative of the Ministry of Foreign Affairs Maria Zakharova.
Britain says new round of sanctions includes elite people with valuable assets Δ 100 billion ($ 130.63 billion).
Liz Tras: we will continue to increase pressure on Putin
«We are moving forward at a faster pace than ever before, targeting those closest to Putin – from big oligarchs to his prime minister and propagandists who spread his lies and misinformation. We hold them accountable for their complicity in Russian crimes in Ukraine“, Said the Minister of Foreign Affairs Liz Trace.
«Working closely with our allies, we will continue to increase pressure on Putin and cut off funding for the Russian war machine.“, He added.
Trash said Britain imposed more 370 new penalties, raising the total to over 1,000 since February 24 when Russia invaded Ukraine.
Export bans and duties
Britain announced earlier that it would ban export of products luxury in Russia and will impose new duties 35% in Russian imports worth 900 900 million ($ 1.2 billion), including vodka, metals, fertilizers and other commodities.
«Our new tariffs will further isolate the Russian economy from world trade, ensuring that it does not benefit from a disrespectful international system“, Said the Minister of Finance Risi Sunak in an announcement.
Many British companies, including Jaguar Land Rover and the Aston Martin as well as o Burberry house have already announced that they are temporarily closing their stores in Russia or suspending the distribution of products.
Britain announced that the products, subject to an additional duty of 35%, were selected to minimize the impact in Britain, while maximizing the impact on the Russian economy.
Products include iron, steel, fertilizers, timber, tires, cement, copper, aluminum, silver, lead, soft drinks, machinery, works of art, antiques and furs, reports the APE BPE, which is quoted by Reuters.
The government also said it was withdrawing all financial support for exports to Russia and Belarus, which means that it will no longer provide new guarantees, loans or export security.
Source: News Beast
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