UK Zero Rates Tariffs In Ukraine Trade Support Package
And new Russian products on the ban list ...
Posted by Roger Eddowes on 03/05/2022 @ 8:00AM
The Government has announced that tariffs on all goods from Ukraine into the UK are to be cut to zero as part of a package of broad economic support to the country ...
The UK Government is taking the lead in assisting the Ukrainian people!
These measures are to support the country with its conflict by removing all tariffs that are covered by the existing UK/Ukraine trade deal. At the same time, the UK Government has hit the Russian government with additional sanctions.
"All tariffs on goods imported from Ukraine are now zero!"
All quotas have been removed as well, giving Ukraine another level of support in their hour of need. This comes on the back of Prime Minister Boris Johnson's recent visit to Kyiv.
The UK will continue to do everything in its power to support Ukraine during this brutal conflict and will help to ensure the long-term security and prosperity of the country.
Additionally, the UK has announced an export ban on technology and other products that Russia could use to take over Ukraine. Interception and monitoring equipment are included as are advanced materials and any loopholes are being closed to ensure nothing reaches Moscow.
"There are many Russian products and commodities now on the ban list!"
As a whole country, we stand unwaveringly with the people of Ukraine in this fight, and the UK Government is taking the lead in assisting the Ukrainian people in any way they can to ensure they thrive as a free and sovereign nation.
Until next time ...
ROGER EDDOWES Business Godparent
Would you like to know more?
If anything I've written in this blog post resonates with you and you'd like to discover more about the UK's economic support for Ukraine, it may be a great idea to give me a call on 01908 774320 and let's see how I can help.
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Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.
Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.
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