Comprehensive set of sanctions blocking key Russian industries from raising finance on UK’s Finance markets, freezing of assets of several major Russian Finance institutions, including VTB Bank and key sectors like energy and defense. Sanctions also target the transport sector, dual-use goods, export control and export financing, visa policy, as well as additional Generals, following new listing criteria.
Trade
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Duties lifted on medical and food imports
Government decree cancels previously increased import duties on medical, dietary, and specialized food products originating from “unfriendly” states and territories.
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Ban on precious metal scrap exports
The temporary ban on the export of waste and scrap of precious metals has been extended for six months, to November 30, 2025.