Overseas Trade: Russia
The question
To ask the Secretary of State for Business and Trade, whether he plans to place further restrictions on trade with Russia.
Answered by Mr Douglas Alexander
The Government does not speculate on specific future sanctions measures as to do so could reduce their impact. Most recently, plans for new trade sanctions were set out by the Foreign Secretary on 24 February.
Together with our international partners, we have put in place the largest and most severe package of sanctions ever imposed on a major economy. Over the past three years, the UK has sanctioned over £20 billion (97%) worth of goods trade with Russia, and £375 million worth of services.
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