UK eases Russian oil sanctions as fuel prices surge

The UK government has quietly eased and delayed some sanctions on Russian oil to help Britons cope with rising costs associated with the Iran war. This move allows the UK to import Russian crude oil refined in third countries, such as India and Turkiye, specifically in the form of diesel and jet fuel.

These waivers reflect increasing supply concerns over certain fuels due to the effective blockade of the Strait of Hormuz. The government stated that the decision was intended to prevent diesel and jet fuel shortages. Additionally, Britain has temporarily loosened imports of liquefied natural gas from certain Russian plants.

Prime Minister Keir Starmer said the move would ensure less Russian oil on the market, with Russia weaker as a result. However, the UK government has apologized for its decision to loosen the sanctions.

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