Uk Removes Tariffs On All Imports From Ukraine
Post created on 5:13 pm
The United Kingdom says it will cut tariffs on all goods imported from Ukraine to zero.
In an announcement on Monday evening, the government said the move came in response to a direct request from Ukrainian President Volodymyr Zelensky to support his country’s economy.
According to reports from the cable, the statement reads, removing tariffs on key Ukrainian exports, including barley, honey, tinned tomatoes, and poultry, will help Ukrainian businesses and producers when they need it most.
“All tariffs on goods imported from Ukraine will now be reduced to zero and all quotas will be removed under the free trade agreement, providing Ukraine economic support in their hour of need,” the statement reads.
In addition, the UK government announced an export ban on products and technology that Russia could use to repress the people of Ukraine
The ban will target goods such as interception and monitoring equipment and “will close any existing loopholes to ensure that Russia is not buying these goods from the UK”.
Last week, the UK said it would increase current tariff sanctions against Russia and added more products facing import bans.