Home » Metals and diamonds: Britain announced further trade sanctions against Russia

Metals and diamonds: Britain announced further trade sanctions against Russia

by alex

The UK has introduced legislation to impose further sanctions on goods, technologies and sources of funding that Russia could use to wage war against Ukraine.

According to the British government, the sanctions package will include a ban on the export of goods that can be used for military or industrial purposes, advanced equipment, spare parts and electronics found on the battlefield in Ukraine.

Sanctions are aimed at goods that generate income to finance the Russian war against Ukraine. We are talking about a ban on the import of certain Russian metals and diamonds from the Russian Federation.

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The UK intends to introduce a ban on ancillary services related to Russian metals if this can be done jointly with international partners.

At the same time, London will strengthen restrictions against the financial sector of the Russian Federation and will require greater transparency in the declaration of assets located on British territory. The new sanctions will come into force on December 26.

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