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UK announces new tranche of trade sanctions against Russia
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LONDON (Reuters) – Britain introduced a new tranche of trade sanctions against Russia on Thursday, a notice published on the government website said.
LONDON (Reuters) – Britain introduced a new tranche of trade sanctions against Russia on Thursday, a notice published on the government website said.
The ‘Notice to Exporters’ listed new measures including prohibitions on the export to Russia of a range of goods and technology, the export of jet fuel, and the export of sterling or EU denominated banknotes.
It also said there were new prohibitions on the provision of technical assistance, and financial services, funds, and brokering services relating to iron and steel imports.
The notice set out a further list of goods prohibited for export:
– internal repression goods and technology
– goods and technology relating to chemical and biological weapons
– maritime goods and technology
– additional oil refining goods and technology
– additional critical industry goods and technology
(Reporting by William James; Editing by Alistair Smout)
Trade sanctions are restrictions imposed by countries on the exchange of goods and services with specific nations to influence their behavior or policies.
Prohibited technology refers to items or systems that are restricted from being exported due to their potential use in military or oppressive applications.
Jet fuel is a specialized type of aviation fuel designed for use in aircraft powered by gas-turbine engines.
Financial services encompass a broad range of services provided by the finance industry, including banking, investment, insurance, and asset management.
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