UK Softens Russian Oil Sanctions As Fuel Prices Surge

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The UK government has softened plans to impose fresh sanctions on fuel products linked to Russian crude oil amid rising concerns over fuel supply disruptions and soaring prices.

The proposed ban on diesel and jet fuel imports processed from Russian oil in third countries will now be introduced gradually over the coming months. The decision comes as the Strait of Hormuz faces major disruption following the US-Israel conflict with Iran, affecting global energy transport.

The Foreign Office rejected claims that the move was a sanctions “waiver” but admitted that temporary flexibility was necessary to maintain stability in fuel supplies and global markets.

Ukraine’s sanctions commissioner, Vladyslav Vlasiuk, said he understood “the rationale behind the UK’s decision”, but warned that temporary exemptions could still benefit Russia financially.

The ban was originally announced last year after reports revealed that fuel made from Russian crude was still reaching the UK through countries like India and Turkey. Research estimates suggest the UK imported around £1.8 billion worth of such fuel products since late 2022.

The government said short-term licences have been issued while the phased implementation continues, as Europe faces sharp increases in jet fuel prices due to the Middle East conflict.

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