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Russian vodka to skyrocket in price
Russian vodka will skyrocket in price after being whacked with a crippling 35% hike in import tax, ministers announced today.
Brands including Russian Standard, Beluga, Mamont and Hammer + Sickle will be clobbered by new sanctions over Ukraine.
No 10 has also green lighted a massive crackdown on oligarchs’ lavish lifestyles with a luxury goods embargo.
The sale of items including sports cars, high-end fashion, and works of art to businessmen in Russia will be banned.
Britain has revoked the country’s world trade privileges meaning tariffs on many of its iconic exports will soar.
Goods including iron and steel, fertilisers, wood, tyres, cement, tyres, cereals, antiques, and fur skins are also hit.
Chancellor Rishi Sunak said: “Our new tariffs will further isolate the Russian economy from global trade, ensuring it does not benefit from the rules-based international system it does not respect.
“These tariffs build on the UK’s existing work to starve Russia’s access to international finance, sanction Putin’s cronies and exert maximum economic pressure on his regime.”
Source: thesun
