Russia: Export Controls
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if he will take steps with Cabinet colleagues to end all (a) non-humanitarian aid, (b) trade, (c) financial services and (d) exports to Russia.
Answered by Stephen Doughty
In response to Russia's invasion of Ukraine, the UK has put in place an unprecedented package of sanctions.
The UK has locked most of the Russian banking sector out of the Society for Worldwide Interbank Financial Telecommunication (SWIFT), frozen Russia's sovereign assets and adopted a wide range of trade and financial sanctions measures, covering most areas of the Russian economy with the exception of trade in humanitarian goods such as food and medicine.
We will continue to bear down on Russia, ratcheting up economic pressure until it ends its brutal invasion of Ukraine.
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