The Uk government will help Ukraine in the economy by cutting all the tariffs, they have made an announcement about the new trade measures.
The UK government announced on Monday that all tariffs on goods entering the UK from Ukraine under existing free trade agreements will be abolished to help the Ukrainian economy.
London said tariffs would be reduced to zero and all allocations would be abolished at the direct request of Ukrainian President Volodymyr Zelenskyy.
“We will take a firm position with Ukraine in this ongoing struggle and strive to ensure that Ukraine survives and prospers as a free and sovereign state,” said British Foreign Minister Anne-Marie Treberian.
The UK said the current average tariff on Ukrainian imports is about 22%. Although he said the proposed changes were provided without reciprocity, Kiyv is likely to be in line with British action.
UK govt. officials on the trade with Russia:-
In addition, the UK Government has announced that it will impose a further export ban on products, including cash, maritime products and technology, and energy-related products, to Russia. Last week we tightened sanctions on luxury goods such as caviar, silver and diamonds.
Britain has tightened trade sanctions on Russia, targeting luxury goods such as caviar, silver and diamonds with import bans and high tariffs, and punishing Moscow’s invasion of Ukraine.
Recent sanctions include a ban on imports of high-value commodities from Russia, including silver, timber and caviar, the UK’s Department for International Trade said.
They added that tariffs on some Russian and Belarusian products, including diamonds and rubber, will be raised by 35 percent points.
Trade restrictions are complemented by 26 new government sanctions against Russian military generals responsible for horribleness in Ukraine.
List of tariffs in the United Kingdom
also read: Russia-Ukraine crises : more than 1,200 dead bodies found in kyiv region .
