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Britain Slaps More Trade And Financial Sanctions On Russia Over War In Ukraine


A woman stands in a currency exchange office in St. Petersburg.
A woman stands in a currency exchange office in St. Petersburg.

Britain has introduced a new set of trade and financial sanctions against Russia over its unprovoked invasion of neighboring Ukraine.

A notice posted on the U.K. government website on June 23 outlined the new restrictions, which include export bans on a range of goods and technology, the export of jet fuel, and the export to or use in Russia of British pounds or euros.

The list of banned products includes goods and technology meant for internal repression, products and technology that can be used in chemical and biological weapons, maritime goods and technology, additional oil refining products and technology, and critical industry products and technology.

The notice bans the import, acquisition, or supply and delivery of goods originating in or being consigned from Russia that can generate revenue.

It also provides for further restrictions on the provision of technical assistance, financial services, funds, and brokering services relating to iron and steel imports.

It imposes prohibitions on the import, acquisition, or supply and delivery of revenue-generating goods that originate in or are consigned from Russia as well as related technical assistance, financial services, funds, and brokering services.

The notice also bans the provision of technical assistance and financial services, funds, and brokering services relating to iron and steel imports.

Some of the new restrictive measures apply both to Russia and Ukrainian territories under the control of Moscow-backed separatists.

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