Economics

Britain has been strengthened

According to the British Government, for a year of February 24, 2022, imports from Russia fell by 94%, and exports to Russia - by 74%. On December 14, the United Kingdom has announced the implementation of new sanctions against Russia - the import of Russian diamonds and exports of dual -use goods is prohibited. The government's decision is reported on the official site.

As it became known from the published information, two by -laws have been adopted, one of which is aimed at additional reduction of exports of British goods to Russia and applies to actually military technologies, that is, goods that "carry the risk of military or industrial use". In addition, it is about certain objects discovered by Ukraine on the battlefield, including machines and electronic components.

"In fact, only low risk exports, humanitarian, food and medical purposes will not be under sanctions afterwards," the government said. The second act prohibits the import of Russian diamonds to the UK from January 1, 2024. As noted in the information, the Government plans to prohibit services related to imports of Russian metals, but when it is possible to reconcile it with international partners.

In addition, the UK government has also decided to implement a number of financial measures aimed at maintaining a business that has decided to leave Russia, as well as clarify and expand the scope of existing correspondent relations. Changes will also introduce new reporting obligations to ensure greater transparency of assets in the UK and improve compliance with the existing sanctions regime. The event of reporting on assets of the appointed persons comes into force on December 26.

According to the British government, the year from the beginning of the Russian full -scale invasion of imports from Russia fell by 94%, and exports to Russia - by 74%. "Based on the digits of 2021, new sanctions will potentially relate to export goods by £ 70 million and imports by £ 67 million. In addition, they will strengthen restrictions on exports of goods worth 662 million pound - provides information on the government message.