The United Kingdom has recently declared the next step to help Ukraine amid the war, including removing all tariffs covered by the present trade agreement between both the UK and Ukraine and the imposition of new penalties on the Putin administration.
As per the press release from the Department for International Trade, under the free trade agreement, all taxes on items imported from Ukraine would be lifted, and all restrictions would be withdrawn, giving the war-torn nation economic assistance in their time of need.
Further, PM Johnson visited Kyiv at the beginning of this month, and he had pledged to decrease tariffs to help Ukraine’s economy amid the crisis.
In addition to this, the UK government has imposed a ban on the exports of certain products and technology to Russia, including interception and monitoring equipment.
According to the sources, the export of electronic instruments used to spy on Ukrainians will be prohibited. The press release states that it will impede the gaps in the system, providing that Russia does not purchase these commodities from the UK.
As per the reports, the announcement was declared when the embattled President Volodymyr Zelenskyy’s government requested to lift the tariffs and help the Ukrainian economy. Tariffs on necessary exports such as barley, honey, canned, tomatoes, and chicken will be raised, supporting Ukrainian firms and farmers.
According to the press release, last week, International Trade Secretary Anne-Marie Trevelyan visited the Ukrainian Ambassador to the United Kingdom, Vadym Prystaiko, in London to reaffirm Britain’s steadfast support for Ukraine and to lay out the additional measures.
Trevelyan said, “The UK will continue to do everything to support Ukraine’s fight against Putin’s brutal and unprovoked invasion and help ensure the long-term security and prosperity of Ukraine and its people.”
She went on to say, “We stand unwaveringly with Ukraine in this ongoing fight and will work to ensure Ukraine survives and thrives as a free and sovereign nation,” as per the release.