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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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UK sanctions Russian grain theft and energy sector.

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Models of pump jack and oil barrels are seen in front of the displayed UK and Russia flag colours in... Models of pump jack and oil barrels are seen in front of the displayed UK and Russia flag colours in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration
Models of pump jack and oil barrels are seen in front of the displayed UK and Russia flag colours in... Models of pump jack and oil barrels are seen in front of the displayed UK and Russia flag colours in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration

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On Friday, Britain sanctioned Russian energy and grain industries.

At the G7 summit in Japan this weekend, Britain, the US, and the other major economies will announce penalties and export limits against Russia for its war in Ukraine.
Britain sanctioned 86 “shady individuals and entities” for stealing and reselling Ukrainian grain.

Russia’s main energy and arms shipping businesses, including Rosatom and Igor Altushkin’s Russian Copper Company, would also be sanctioned.

Prime Minister Rishi Sunak banned Russian diamonds, copper, aluminum, and nickel imports.

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