UK Reduces Imports From Russia to Historic Lows

In June 2022, the UK imported goods and services from Russia in the amount of 33 million pounds, which is the minimum in the entire history of observations since January 1997, the country’s statistical office ONS reported, specifying that it is 96.6 per cent less than the average of UK imports from Russia for the 12-month period (from February 2021 to February 2022). 

Fuel imports in June fell to zero for the first time amid sanctions against Russia due to events in Ukraine, the report said. In the 12-month period before the imposition of tough sanctions, it averaged 0.5 billion pounds.

Deliveries of non-ferrous metals from Russia fell in June by 94.7 per cent, to 6 million pounds, imports of steel and steel products – however, previously symbolic in terms of volume – almost stopped and amounted to less than 1 million pounds.

Exports from the UK to Russia in June amounted to 83 million pounds, which is 67 per cent less than the monthly average for the “pre-sanctions” year. The large share of this indicator (61.6 million pounds) is the export of chemical products, and this article takes into account medicines that are not subject to sanction restrictions.

Ru-Main, 24.08.2022
Source: Interfax 

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