ANNOUNCEMENT 15 Mar 2022

In March 2022, the UK government announced introducing additional duties on imports from Russia and Belarus.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

UK Department for International Trade, Guidance, Tariffs on goods imported into the UK. Available at: https://www.gov.uk/guidance/tariffs-on-goods-imported-into-the-uk#full-publication-update-history

UK Department for International Trade, Press Release, “UK announces new economic sanctions against Russia”. Available at: https://www.gov.uk/government/news/uk-announces-new-economic-sanctions-against-russia

Inception date: 15 Mar 2022 | Removal date: open ended

Import tariff

On 15 March 2022, the UK government announced introducing additional duties on the imports of hundreds of goods from Russia and Belarus. This decision is based on the joint statement of the G7 leaders concerning the revocation of the Most-Favoured-Nation (MFN) tariff treatment for Russia in response to their invasion of Ukraine. With the present decision, the UK imposed additional tariffs on both Russia and Belarus.

The products that are subject to additional duties include but are not limited to meat products, fish, cereals, oilseeds, beverages, fertilizers, glass, cement, iron and steel, copper, aluminium, machinery, and tyres.

For these products, the UK government introduced an additional 35% duty on top of the current rates. Previously, the import tariff of these products was ranging from duty-free to 30%. With the imposition of these additional tariffs, the new duties increased to the range of 35% to 65%.

In this context, Chancellor of the Exchequer Rishi Sunak said: “Our new tariffs will further isolate the Russian economy from global trade, ensuring it does not benefit from the rules-based international system it does not respect. These tariffs build on the UK’s existing work to starve Russia’s access to international finance, sanction Putin’s cronies and exert maximum economic pressure on his regime. “

Update

On 21 April 2022, the UK government extended the scope of goods that are subject to additional duties (see related state act). 

 

AFFECTED PRODUCTS

 
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