House of Commons · Written Ministerial Statement
Trade Update
15 March 2022 · Department for International Trade
Proposed by Anne-Marie Trevelyan Con Berwick-upon-Tweed
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- UK government denies Russia and Belarus Most Favoured Nation tariff access.
- Tariffs on 900 million worth of Russian and Belarusian imports will rise to 35%.
- Exports of luxury goods to Russia will be banned.
Issue summary
The UK government is taking action against Russia and Belarus by denying them Most Favoured Nation tariff access and imposing additional tariffs on specific goods.
Action requested
The government will increase tariffs on £900 million worth of Russian and Belarusian imports to 35%, ban exports of luxury goods to Russia, and ensure these measures are in line with the sanctions imposed by G7 allies. Secondary legislation will be laid before Parliament under the Taxation (Cross-border Trade) Act 2018.
Key facts
- The tariff increase affects £900 million worth of imported goods from Russia and Belarus.
- Tariffs on these goods are increasing from 0% to 35%.
- Luxury goods exports to Russia will be banned.
- The export ban targets luxury vehicles, high-end fashion, and works of art.
- Secondary legislation will be laid before Parliament under the Taxation (Cross-border Trade) Act 2018.