The UK declares a ban on services exports to the RF

The UK government announced new prohibitions on exports of several types of services to Russia on May 4^th, 2022. These new measures are aimed at cutting of the RF from engaging in business activities with different UK sectors which are critical to the RF financial system. According to the new prohibitions, RF business can’t benefit from UK PR, accountancy, and management consultancy services any longer. These services amount for 10% of Russian imports in these areas, as the RF is greatly reliant on Wester services companies for the export and production of manufactured products.  

Moreover, the UK foreign secretary also declared 63 new sanctions against the RF, a lot of which are aimed at targeting organizations and actors from the popular media institutions, through travel bans and asset freezes. The new sanctions require app store, social media, and internet services companies to block content from two major Russian media institutions: Russia Today and Sputnik, which engage in major disinformation. More information on the new measures imposed by the UK on May 4^th, 2022, can be found here.