The United Kingdom has relaxed some sanctions on Russian oil imports as soaring global fuel prices and fears of supply shortages continue to pressure governments across Europe.
Under the revised measures announced by the British government, the UK will now allow imports of diesel and jet fuel refined in third countries using Russian crude oil. The policy change effectively creates a sanctions carve-out that permits fuel products processed in countries such as India and Turkey to enter the British market even if the original crude came from Russia.
The waiver begins on Wednesday and reflects growing supply concerns over certain fuels due to the effective blockade of the key Strait of Hormuz waterway since the start of the US-Israel war with Iran.
Some sanctions on the transport of Russian liquefied natural gas (LNG) were also lifted.
The government said that overall sanctions had got tougher but extra flexibilities were required. A similar move by the US was widely criticised.
European jet fuel prices more than doubled after the war started but are now around half higher while UK pump prices continue to rise.
According to motoring firm the RAC, the average price of unleaded petrol reached 158.52p a litre on Monday, the highest since the start of the war.
Several airlines operating in the UK and around the world have cancelled flights and raised prices in response to sky-high jet fuel prices.
For years the UK led international efforts to put economic pressure on Russia for its war on Ukraine. The waiver begins on Wednesday and reflects growing supply concerns over certain fuels due to the effective blockade of the key Strait of Hormuz waterway since the start of the US-Israel war with Iran.
Some sanctions on the transport of Russian liquefied natural gas (LNG) were also lifted.
The government said that overall sanctions had got tougher but extra flexibilities were required. A similar move by the US was widely criticised.
European jet fuel prices more than doubled after the war started but are now around half higher while UK pump prices continue to rise.
According to motoring firm the RAC, the average price of unleaded petrol reached 158.52p a litre on Monday, the highest since the start of the war.
Several airlines operating in the UK and around the world have cancelled flights and raised prices in response to sky-high jet fuel prices.
For years the UK led international efforts to put economic pressure on Russia for its war on Ukraine.
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