The UK announced on 15 March 2022 that it will impose import tariffs on hundreds of key Russian products. In addition to banning the export of luxury goods to Russia, the UK government has also published an initial list of goods worth £900 million – including vodka – which will now face additional 35 percent tariff, on top of any tariffs that are currently applicable. These relevant products are as follows: Iron, steel, fertilisers, wood,…
The EU introduced, on 15 March 2022, a number of additional sanctions measures including in particular on the direct or indirect import of certain iron and steel products if they originate in or have been exported from Russia. Full details of the sanctioned iron and steel items are set in Annex XVII to the applicable amending regulations (being Council Regulation (EU) 2022/248, available here). It is estimated, in accordance with the European Commission’s (“EC”)…