The government has announced new economic sanctions on Russia, including a ban on exports of high-end luxury goods and the end of the UK’s recognition of Russia’s Most Favoured Nation (MFN) status within the World Trade Organization (WTO)
Lexis®Library update: This latter decision allows the UK to impose additional tariffs on Russian imports, as well as the potential opportunity to ban Russian goods from entering the UK. This was co-ordinated with other countries in the G7.
Source: UK announces new economic sanctions against Russia
This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 15 March 2022 and is published with permission. Further information can be found at: https://www.lexisnexis.co.uk/
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