News Room - Business/Economics

Posted on 25 Jul 2022

UK government imposes new sanctions on Russia

According to the UK department for international trade, the UK revised the sanction rules on Russia. The revises prohibit the import of petroleum and its related products, coal and its related products, and also gold from Russia. The UK also will prohibit providing technology support on finance and intermediary agent service related to these products.

The sanctions rules are planned to come into effect on July 21 for gold, on August 10 for coal products, and on December 31 for petroleum this year.

Source:Yieh