The United Kingdom, U.K., is planning to deny Russia and Belarus access to the most favoured Nation tariff for hundreds of their exports, a new Bloomberg News report has shown.
According to the company’s Tuesday report, the government published an initial list of £900 million worth of goods, including vodka, that will now face an additional 35 percent tariff on top of current tariffs.
Read also: Russia-Ukraine conflict: Citigroup set to exit Russia
This comes after the United States imposed additional sanctions on the country’s imports last week Tuesday.
Also, the UK Prime Minister has taken a number of measures against the country recently, including a trip to Riyadh yesterday to discuss a possible replacement for banned Russian oil.
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