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UK seeks to hit Kremlin with ban on exporting luxury goods to Russia

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he Government is intending to further ramp up pressure on the Kremlin with plans to ban exports of luxury goods to Russia in the latest move to isolate Vladimir Putin.

Details of the plans will be set out in the coming days, Downing Street said.

It came as Boris Johnson joined with other G7 leaders on Friday to commit to further increase the pressure on the Russian president’s regime.

The group agreed to take steps to deny Russia “most favoured nation” status on key products, which No 10 said would significantly reduce the ability of Russian businesses to export.

Sharing the news on Friday evening, Foreign Secretary Liz Truss said the UK stood “united with our G7 partners”, and would “continue strengthening our response” to put a halt to Russia’s aggression against its neighbour.

But Labour said the ban on luxury goods “should not have taken this long”.

Nick Thomas-Symonds, Labour’s shadow international trade secretary, said: “Labour has been calling for weeks now for a ban on luxury goods being sent to Russia, so it is welcome that the UK Government have finally listened – but it should not have taken this long.

“We cannot allow Putin, and his cronies in Moscow, to live a Mayfair lifestyle while they kill innocent people in their illegal invasion of Ukraine.”

The announcement follows Britain’s sanctioning of nearly 400 Russian parliamentarians, with ministers seeking to “tighten the screw” on Moscow over the invasion of Ukraine.

Earlier on Friday, Ms Truss said 386 members of the Duma, the lower house of the Russian parliament, would be banned from travelling to the UK and any assets they had in the country would be frozen.

The Government originally announced its intention to sanction the parliamentarians last month over their support for the Ukrainian breakaway regions of Luhansk and Donetsk.

Jeremy Hunt argued the Russian invasion of Ukraine was ‘the biggest failure of Western foreign and security policy in our lifetimes’ (Aaron Chown/PA) / PA Archive

Meanwhile, former Tory foreign secretary Jeremy Hunt argued the Russian invasion of Ukraine was “the biggest failure of Western foreign and security policy in our lifetimes”.

Writing in The Daily Telegraph, he said: “It happened because we forgot the most fundamental lesson of the Cold War: the power of deterrence.”

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