London April 22 2022: Russian rubber will face an additional import tariff of 35% when imported into the UK, the British government said April 21, as part of a second round of import sanctions against Moscow following its invasion of Ukraine.
The UK government on March 15 said that Russian tires would face an additional 35% import tariff.
The sanctions this time, part of a GBP150 million sanctions package, extends the same measure to a wider group of “rubber and articles thereof” products under the HS code 4001, 4002, 4005, 4008, 4009, 4010, 4015, 4016.
Commodities including butadiene rubber, styrene-butadiene rubber, nitrile-butadiene rubber and isoprene rubber are included under HS code 4002.
The announcement did not provide a clear timeline and overall scope on implementing these measures, stating “legislation will be laid in due course to implement these measures. The overall scope of products affected by existing and planned tariff increases will remain under review.”
The full list of affected Russian imports under the second round of sanction measures include commodities such as sugar, wood products, silk, cotton, as well as other products like diamond, toys and furniture.
Tires are the primary consumer of styrene-butadiene rubbers and other synthetic rubbers while also using materials such as carbon black and steel.
