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Assistance from Great Britain: No tariff on Ukrainian products

Assistance from Great Britain: No tariff on Ukrainian products

Status: 04/26/2022 10:39 am

The British government has announced new measures to support the Ukrainian economy. For example, Great Britain has waived taxes on goods from Ukraine.

Great Britain waives taxes on goods manufactured in Ukraine as part of a free trade agreement. The British government announced that tariffs would be temporarily set at zero percent and that all import quotas would be abolished.

“We stand with Ukraine in this struggle and will ensure that Ukraine survives and prospers as an independent and sovereign nation,” said Anne-Marie Trevelyan, Britain’s Secretary of State for International Trade. The tariff measures are part of the UK’s financial support package for Ukraine, which includes a £ 1 billion loan guarantee.

The move comes at the direct request of Ukrainian President Volodymyr Zhelensky. The British government wants to support the Ukrainian economy in crisis by reducing tariffs on important exports such as barley, honey, canned tomatoes and poultry to zero. Import duty on goods from Ukraine is currently 22 percent. British Prime Minister Boris Johnson has already promised He visited Kiev earlier this monthFees should be reduced.

High export restrictions on wiretapping and surveillance equipment to Russia

At the same time, the government in London announced new sanctions against Russia. The ban on exports of goods and technologies to Russia is to be extended to include hearing and surveillance equipment. They want to “close all the loopholes” so that Russia can no longer buy goods from the UK “to oppress the heroic people of Ukraine,” the government statement said.

Last week, the British government tightened tariffs on Russia and its ally Belarus and banned the import of silver and wood products. Imports of iron and steel products and exports of quantum technologies, advanced products and luxury goods have already been banned. Also, the tax on goods such as diamonds and rubber from Russia was increased by 35 percentage points.