Russian vodka prices will skyrocket after a crippling 35% increase in import tax, ministers announced today.

New sanctions against Ukraine will hit brands such as Russian Standard, Beluga, Mamont, and Hammer + Sickle hard.

No. 10 has also authorised a massive crackdown on oligarchs’ extravagant lifestyles, including a luxury goods embargo.

The sale of items such as sports cars, high-end fashion, and works of art to Russian businessmen will be prohibited.

Britain has revoked the country’s international trade privileges, which means tariffs on many of its iconic exports will skyrocket.

Russian vodka prices will skyrocket after a crippling 35% increase in import tax, ministers announced today.

New sanctions against Ukraine will hit brands such as Russian Standard, Beluga, Mamont, and Hammer + Sickle hard.

No. 10 has also authorised a massive crackdown on oligarchs’ extravagant lifestyles, including a luxury goods embargo.

The sale of items such as sports cars, high-end fashion, and works of art to Russian businessmen will be prohibited.

Britain has revoked the country’s international trade privileges, which means tariffs on many of its iconic exports will skyrocket.

Iron and steel, fertilisers, wood, tyres, cement, tyres, cereals, antiques, and fur skins are also affected.

“Our new tariffs will further isolate the Russian economy from global trade, ensuring it does not benefit from the rules-based international system it does not respect,” said Chancellor Rishi Sunak.

“These tariffs build on the UK’s previous efforts to deny Russia access to international finance, sanction Putin’s cronies, and apply maximum economic pressure on his regime.”