UK continues crackdown on Russia with tough new sanctions

The UK announced its first major Russia sanctions package under Foreign Secretary Ed Miliband, signaling continued unwavering support for Ukraine. While no financial magnitudes were provided, fresh sanctions are likely to affect cross-border trade and risk premia for companies exposed to Russia-related supply chains.

Analysis

The UK announced its first major Russia sanctions package under Foreign Secretary Ed Miliband, signaling continued unwavering support for Ukraine. While no financial magnitudes were provided, fresh sanctions are likely to affect cross-border trade and risk premia for companies exposed to Russia-related supply chains.