The United Kingdom is abolishing tariffs on goods from Ukraine to help Ukrainian companies and producers,
KYIV. UkraineGate , 26 , April , 2022 | Economy .
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“The United Kingdom will reduce tariffs on all goods from Ukraine to zero within the framework of the free trade agreement between the United Kingdom and Ukraine, providing much-needed economic support,” the statement said.
Details
The day before, London announced new measures to support Ukraine in its conflict with Russia, abolishing all tariffs covered by the trade agreement between the UK and Ukraine, and imposing new sanctions on Putin’s government.
“All tariffs on goods imported from Ukraine will now be reduced to zero, and all quotas will be removed in accordance with the free trade agreement, which will provide economic support to Ukraine in difficult times. The Prime Minister promised to reduce tariffs to support the economy Ukraine in the crisis, when he visited Kyiv earlier this month, “the British government said.
It is noted that this announcement was made after a direct request from the government of President Zelensky to liberalize tariffs and support the Ukrainian economy.
“Abolishing tariffs on key Ukrainian exports, including barley, honey, canned tomatoes and poultry, will help Ukrainian businesses and producers when they need it most,” the British government said.
Addition
In addition, the United Kingdom has also announced a ban on exports of products and technologies that Russia can use to repress the people of Ukraine. Prohibited products may include interception and monitoring equipment. “This will close all existing loopholes so that Russia does not buy these goods in the UK,” the statement said.
Last week, the UK also announced that it was stepping up its tariff sanctions against Russia by increasing the list of goods subject to import bans and tariff increases, including imposing new bans on imports of silver and wood products and raising tariffs by 35%. goods like diamonds and rubber.
The UK has also already banned the import of iron and steel products, as well as the export of quantum technology, advanced materials and luxury goods, and cut off any new support for UK export financing (UKEF) for Russia and Belarus.
Source: Ukrgate
