UK: A number of high end British businesses are starting to feel the pinch of the Government ban on luxury goods being e

UK: A number of high end British businesses are starting to feel the pinch of the Government ban on luxury goods being e

Assessment

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Social Studies

University

Hard

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The video discusses the implications of a ban on exporting luxury goods to Russia, highlighting that wealthy Russians may circumvent it by purchasing goods for homes outside Russia. The UK exports to Russia were significant, and the ban aims to signal disapproval of Russia's actions in Ukraine. The G7 and WTO are working to isolate Russia economically. Some businesses have preemptively stopped dealing with Russian goods. The UK has also imposed sanctions and tariffs to weaken Russia's economy.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the overall goal of the measures taken against Russia according to the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What actions have businesses taken in response to the situation regarding Russian goods?

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