UK announces new sanctions on Russia and Belarus, trying to affect USD 2 billion trade

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The UK government has pledged an additional £1.3 billion in military aid to Ukraine this fiscal year to combat Russia.


Russian army is wreaking havoc in Ukraine. In this regard, other western countries including America are demanding an immediate ceasefire. At the same time, the UK has announced its new economic sanctions regarding the Russian attack. It is being told that Britain is targeting to affect the trade of 2 billion USD of Russia and Belarus with its new sanctions.

Britain is today announcing a new package of sanctions on Russia and Belarus, targeting their trade worth 1.7 billion pounds (USD 2 billion), the British government said in a statement on Sunday. Its purpose is to make Putin vulnerable in war. The new sanctions have been imposed in view of Russia’s special military operation in Ukraine, the release said.

The UK government said the new import duty would cover 1.4 billion pounds of goods. These will have other items including platinum and palladium. In addition, the planned export restrictions will affect import exports to sectors of the Russian economy worth more than £250 million.

Let us tell you that the UK government has promised an additional 1.3 billion pounds in military aid this fiscal year to Ukraine to counter Russia. British Prime Minister Boris Johnson and Ukrainian President Volodymyr Zelensky held online talks with other G-7 leaders on Sunday.

This additional support will be given for electronic warfare equipment, counter battery radar system, GPS jamming equipment and thousands of night vision cameras. Johnson said Russian President Vladimir Putin’s “heinous attack” is not only destroying Ukraine, but endangering the peace and security of Europe as a whole. ,

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