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09:30 09 May 2022

The UK announces a new package of sanctions against russia and Belarus for £1.7 billion

The United Kingdom has announced a new package of sanctions against russia and Belarus worth 1.7 billion pounds in trade.

This was reported on the website of the British government.

According to the British government, this package of sanctions was "designed to further weaken Putin's war machine."

"It will bring the total value of products subjected to full or partial import and export sanctions since Russia's illegal invasion of Ukraine began to more than £4 billion," the statement said.

It is indicated that the duty will be increased by 35%.

The new import duties will cover $1.4 billion worth of goods, including platinum and palladium, "hampering Putin's ability to fund his war effort."

This is because russia is one of the leading producers of platinum and palladium, whose exports depend on Britain.

In addition, the country will ban the export to russia of some chemicals, plastics, rubber, and machinery worth a total of 250 million pounds.

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