The UK has banned the export of aviation and space-related products and technology, including technical assistance, to Russia due to Moscow’s military operation in Ukraine, the Foreign Office announced on Wednesday.In addition, British insurers will be prohibited from providing services to Russian companies working in these two spheres, the authorities said. The Foreign Office is…

The ruble continued its decline on Wednesday, hitting record lows against major currencies yet again, after US President Joe Biden announced a ban on all imports of Russian  energy products, such as oil and gas.

The UK government announced on Wednesday that it has impounded a plane linked to a Russian billionaire, using new aviation sanctions that allow the authorities to seize Russian aircraft and ban exports of aviation goods to Russia.