UK eases sanctions on Russian jet fuel and diesel imports

Published
0
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia on July 14, 2025 — Reuters
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia on July 14, 2025 — Reuters

LONDON: British lea­der Keir Starmer defe­n­d­­ed on Wednesday a contentious move to ease san­c­tions on imports of Rus­s­ian jet fuel and diesel as the Middle East war causes prices to spiral.

The trade licence, which allows the UK to import Russian crude oil refined in third countries such as India, was heavily criticised by opposition parties. The licence is of “indefinite duration” according to the Department of Bus­i­ness and Trade website, and will be periodically reviewed.

The Labour government also issued a temporary licence loosening sanctions on liquefied natural gas originating from certain Russian plants. Its intention to ban imports derived from Russian crude was announced in October. But Starmer said the government was issuing “two targeted short-term licences to phase the new sanctions in and to protect UK consumers”.

“This is not a question of lifting existing sanctions in any way whatsoever, and we will continue to work with our allies on further sanction packages,” he said. But Conservative leader Kemi Badenoch accused the prime minister of “choosing to buy dirty Russian oil. That money will be used to fund the killing of Ukrainian soldiers”.

Britain imposed a stringent sanctions regime on Russia following the 2022 invasion of Ukraine, targeting oil exports as well as over 3,000 individuals and companies.

The decision follows a US sanctions waiver for Russian oil cargoes already at sea, which was extended Monday for the second time as its war against Iran squeezes global oil supplies and sends energy prices soaring.

The European Union criticised the US waiver extension at a meeting of G7 finance ministers on Tuesday that the UK was a part of. EU economics commissioner Valdis Domb­rovskis said it was not a time to “ease pressure on Russia”. But UK Treasury minister Dan Tomlinson said the sanctions easing was “protecting the UK national interest”.

Published in Dawn, May 21st, 2026

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Parliament’s place
Updated 11 Oct, 2026

Parliament’s place

In 2015, the parliament had decided to “maintain neutrality in the Yemen conflict so as to be able to play a proactive diplomatic role to end the crisis”.
Disturbing the peace
11 Oct, 2026

Disturbing the peace

THIS year’s Nobel Peace Prize is well-earned. The winner, South African jurist Dr Navi Pillay, has had an...
A voice in care
10 Oct, 2026

A voice in care

WORLD Mental Health Day this year carries a compelling message. The theme, ‘Lived experiences heard: real voices,...
Midterm break
Updated 10 Oct, 2026

Midterm break

Both the US and Israel need to halt their destructive misadventures in the Middle East.
American barbarism
Updated 10 Oct, 2026

American barbarism

WITH the spectre of defeat in the upcoming midterm elections looming large over the Trump administration, the...