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15 Mar
17:48

UK levies 35% tariff on Russian, Belarussian steel

The UK government has imposed a new round of sanctions against Russian and Belarussian individuals and trade, including steel products, in response to Russia’s invasion of Ukraine. The UK is to deny Russia and Belarus access to the “Most Favoured Nation” tariff for their exports, thus depriving them key benefits of WTO membership. The initial list of goods – worth £900 million ($1.17 billion) – will now face an additional …
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