Russia: Sanctions

(asked on 3rd March 2022) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps she is taking with her European counterparts to impose sanctions on Russian oil and gas.


Answered by
James Cleverly Portrait
James Cleverly
Home Secretary
This question was answered on 11th March 2022

The UK is to phase out the import of Russian oil during the course of the year in response to the illegal invasion of Ukraine. The Government is establishing a new joint taskforce with industry to work together on an orderly transition. The move will increase the growing pressure on Russia's economy by choking off a valuable source of income - the import of Russian oil makes up 44 percent of Russian exports and 17 percent of federal government revenue through taxation.

The UK is also working closely with the US, the EU and other partners to end our dependence on Russian hydrocarbons in response to Russian aggression in Ukraine, recognising the different circumstances and transition timelines.

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