News

UK targets Russia’s ability to fund war in new sanctions

Published

4 years ago

May 9, 2022

Brittany Coles

In the latest blow to Putin, the UK will buckle down on Russia and Belarus trade with fresh new sanctions

The UK believes it will impact Russia’s ability to fund the war, putting further strain on Putin’s power

The U.K. Department for International Trade said the sanctions will target 1.7 billion pounds in trade

Right now, we’re looking at over 2 billion US dollars across import tariffs on platinum and palladium and export bans on chemicals, plastics, rubber, and machinery.

It’s also expected almost half a billion dollars in sectors of the Russian economy most dependent on UK goods will be hit too.

This comes as Europe Day celebrations gets underways.

The message today is loud and clear, that Europe is united for Ukraine.

This was echoed during a recent call with western leaders, who aren’t shy in ramping up their sanctions against Russia.

G7 leaders gathered on a video call with Ukrainian President Volodymyr Zelensky, with the US and Canada also imposing new sanctions.

Let’s not forget, this isn’t the first time the UK is choosing to target trade.

This is actually the third round of trade sanctions from the UK.

So looking at the bigger picture excluding gold and energy – this would see more than 96 per cent of goods imports from Russia hit by restrictions and more than 60 per cent of goods exports to Russia under whole or partial restrictions.

Of course this all comes as Russia prepares to celebrate Victory Day, with all eyes on Putin

And in the words of the UK international trade secretary, this far-reaching package of sanctions will inflict further damage on the Russian war machine.

Related Topics:Featured Politics russia trending ukraine WAR

Up Next

‘Stand by Ukraine’ – U2 performs touching concert in a Kyiv metro station

Don't Miss

Israeli police capture two suspects over Independence Day attack

Brittany Coles

News

Ukraine and Russia set for U.S.-brokered peace talks in Abu Dhabi

Published

2 hours ago

February 2, 2026

Harvey Vargas

Ukrainian President Volodymyr Zelenskyy has confirmed that new peace talks with Russia will take place in Abu Dhabi later this week. The discussions are part of U.S.-led efforts to find a path toward ending the ongoing war.

Zelenskyy emphasised that Ukraine is prepared for meaningful dialogue aimed at achieving peace. The announcement comes after weeks of uncertainty over the timing of the meeting.

U.S. special envoy Steve Witkoff described prior discussions with Russian officials as productive, though major disagreements over territorial issues remain unresolved.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

News

Tensions rise as Iran threatens conflict and U.S. increases naval forces

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Published

4 hours ago

February 2, 2026

Harvey Vargas

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Iran has warned of a potential regional conflict if the U.S. launches an attack, while labelling European armies as terrorists. Supreme Leader Ayatollah Ali Khamenei insisted that threats from President Trump will not intimidate the Iranian people.

The U.S. has ramped up its naval presence in the Middle East in response to mounting threats, amid speculation over Iran’s next moves. Iranian officials have denied claims of imminent naval exercises in the Strait of Hormuz, adding to global uncertainty.

#MiddleEastCrisis #IranUS #Geopolitics #NavalTensions #Trump #AyatollahKhamenei #EuropeanUnion #GlobalConflict

News

Carlos Alcaraz becomes youngest man to complete career Grand Slam

Carlos Alcaraz, at 22, stuns tennis by winning the Australian Open, defeating Djokovic, and celebrating with a kangaroo tattoo.

Published

4 hours ago

February 2, 2026

Harvey Vargas

Carlos Alcaraz, at 22, stuns tennis by winning the Australian Open, defeating Djokovic, and celebrating with a kangaroo tattoo.

Carlos Alcaraz has stunned the tennis world by winning the Australian Open, becoming the youngest man to complete a Career Grand Slam at just 22 years old.

The world number one beat Novak Djokovic in a thrilling four-set match, finishing 2-6, 6-2, 6-3, 7-5. Djokovic missed out on claiming his 25th Grand Slam title. To mark the milestone, Alcaraz revealed he plans to add a new tattoo of a kangaroo on his leg, joining his existing Eiffel Tower and Wimbledon strawberry tattoos.

#CarlosAlcaraz #AustralianOpen #GrandSlam #TennisHistory #NovakDjokovic #SportsNews #TennisTattoo #YoungChampion