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Britain’s Chancellor of the Exchequer Rishi Sunak hosts a news conference in the Downing Street Briefing Room on February 3 in London, England. (Justin Tallis/AFP/Getty Images)

The UK government has announced a new round of sanctions against Russia, including a ban on exports of luxury goods to Russia and tariffs on more than $1 billion worth of Russian goods.

The UK will also deny Russia and Belarus access to its most favored nation’s trade tariffs on hundreds of their exports, depriving both countries of the key benefits of their World Trade Organization membership.

The additional 35% duty on Russian goods is levied on imports such as vodka, steel, artwork and furs.

“Our new tariffs will further isolate the Russian economy from world trade and ensure that it does not benefit from the rules-based international system that it does not respect,” British Chancellor Rishi Sunak said in a statement Statement released on Tuesday.

“These tariffs build on the UK’s existing work of starving Russia’s access to international finance, sanctioning Putin’s cronies and exerting maximum economic pressure on his regime. These new measures will add to the mounting economic pressures on Russia and ensure Britain acts in line with sanctions imposed by our allies.”

The government says it will release details of the export ban at a later date, but said previous bans have included items such as high-end fashion, art and luxury vehicles.

The full list of Russian goods subject to import duties are: Iron, Steel, Fertilizers, Timber, Tires, Railroad Containers, Cement, Copper, Aluminum, Silver, Lead, Iron Ore, Residues/Food Waste, Beverages, Spirits and Vinegar (this including vodka), glass and glassware, grain, oilseeds, paper and cardboard, machinery, works of art, antiques, skins and faux fur, ships and whitefish.

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