Britain to cut Ukraine tariffs to zero to help its economy

LONDON Reuters – All tariffs on goods coming to Britain from Ukraine under an existing free trade deal will be axed to help the Ukrainian economy, the British government announced on Monday.

London said tariffs would be reduced to zero and all quotas removed following a direct request from Ukraines President Volodymyr Zelenskiy, saying the move would provide a boost for Ukrainian businesses involved in key exports such as barley, honey, tinned tomatoes and poultry.

“We stand unwaveringly with Ukraine in this ongoing fight and will work to ensure Ukraine survives and thrives as a free and sovereign nation,” said British International Trade Secretary AnneMarie Trevelyan.

Britain said currently the average tariff on Ukrainian imports was about 22. It said the planned change had been offered on a nonreciprocal basis, but Kyiv was likely to match the British action.

Additionally, the British government said it would also impose further export bans on products to Russia, including cash, maritime goods and technology, and energyrelated goods. Last week, it ramped up sanctions on luxury goods including caviar, silver and diamonds.