U.K. Removes Tariffs on all Goods from Ukraine, Ban Exports to Russia

On Apr 25th, U.k. announced new measures to support the Ukrainian economy, which includes reducing all tariffs on goods imported from Ukraine to zero, removing all quotas under the existing UK-Ukraine free trade agreement and providing Ukraine economic support during their time of need.

In the meantime, the U.K. expanded the ban on exports to Russia, with interception and monitoring equipment included. It was known that these new measures were issued following a direct request from President Zelenskyy’s government to liberalize tariffs and support the Ukrainian economy. The U.K. Prime Minister Boris Johnson pledged to cut tariffs to support Ukraine’s economy through this crisis when he visited Kyiv earlier this month.

The U.K. International Trade Secretary Anne-Marie Trevelyan met with the Ukrainian Ambassador to the U.K. Vadym Prystaiko in London last week, reiterating the U.K.’s unwavering support for Ukraine and its intention to set out new measures.

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Translator: MOS Buddhism Team Ronald Yan
Design&editor: Hbamboo

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