7/4, 5:00 PM (Source: TeleTrader)
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UK bans imports of iron, steel from Belarus

The United Kingdom is introducing a new set of sanctions on Belarus over its alleged support for Russia's military invasion of Ukraine, which will include a ban on its exports of iron and steel, the British Foreign, Commonwealth and Development Office (FCDO) announced on Monday.

Other measures include a ban on the exports of British oil refining goods, advanced technology components, and luxury goods to Belarus. "The UK government is also restricting Belarus' access to the UK's world class financial services sector – banning more Belarusian companies from issuing debt and securities in London," the statement read.

The office highlighted the imposts and exports sanctioned were worth around £60 million.

Baha Breaking News (BBN) / JR