Britain removes all Ukraine tariffs to help the war-torn country's economy
April 26, 2022, 7:05 am

Britain removes all Ukraine tariffs to help the war-torn country's economy

Westminster Bridge in London, England (File photo: Pixabay)

The UK Government official website reported that the UK has announced Monday (Apr 25) new measures to support Ukraine in its conflict with Russia by removing all tariffs covered by the existing UK-Ukraine trade deal and hitting the Putin government with fresh sanctions.

This means that all tariffs on goods imported from Ukraine will now be reduced to zero and all quotas will be removed under the free trade agreement, providing Ukraine economic support in their hour of need.

According to the announcement, the Prime Minister pledged to cut tariffs to support Ukraine’s economy through this crisis when he visited Kyiv earlier this month.

International Trade Secretary Anne-Marie Trevelyan met Ukrainian Ambassador to the UK His Excellency Vadym Prystaiko in London last week to reiterate the UK’s unwavering support for Ukraine and set out the new measures.

Boris Johnson pledged to cut tariffs to support Ukraine’s economy through this crisis when he visited Kyiv earlier this month (Photo: UK PM official Facebook page)

The announcement comes following a direct request from President Zelenskyy’s government to liberalise tariffs and support the Ukrainian economy.

Removing tariffs on key Ukrainian exports including barley, honey, tinned tomatoes and poultry will help Ukrainian businesses and producers when they need it most.

Boris Johnson tells President Zelensky UK will provide Ukraine with more military equipment

In addition, the UK has also announced an export ban on products and technology that Russia could use to repress the heroic people of Ukraine. Products targeted could include interception and monitoring equipment.

This will close any existing loopholes to ensure that Russia is not buying these goods from the UK.

levantnews, ukgovernment

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced its sponsorship of the “Innovation and Sustainable Technology Solutions Competition (GU - IST Solutions), hosted by Gulf University at its main campus.
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