UK Relaxes Russian Oil Restrictions On Diesel And Jet Fuel Imports
The Government has relaxed sanctions on Russian crude oil, allowing for the import of jet fuel and diesel refined in third countries amid surging costs. A trade licence, which came into effect on Wednesday, permits the imports “indefinitely”. According to the licence, the sanctions carve-out will be periodically reviewed as fuel prices rise due to the closure of the Strait of Hormuz and the ongoing crisis in the Middle East. The Government had previously announced the UK would […]