Ukraine ally Britain eases new sanctions on Russian oil as fuel prices surge over Iran war

Catch up with NBC News Clone on today's hot topic: Ukraine Ally Britain Eases New Sanctions Russian Oil Fuel Prices Surge Rcna346229 - World News | NBC News Clone. Our editorial team reformatted this story for clarity and speed.

A trade license that went into effect Wednesday permits imports of Russian oil that has been refined into jet fuel and diesel in third countries such as India and Turkey.
Britain Russia Sanctions
A suspected Russian oil tanker seized by the French navy in the Mediterranean Sea on Jan. 26.Philippe Magoni / AP file

LONDON — British Prime Minister Keir Starmer said Wednesday that Britain’s support for Ukraine remains steadfast, despite the U.K. delaying some new sanctions on Russian oil because of a cost-of-living squeeze triggered by the effective closure of the Strait of Hormuz.

A trade license that came into effect Wednesday permits the import of Russian oil that has been refined into jet fuel and diesel in third countries such as India and Turkey. The U.K. announced in October that it would ban imports of those products.

The U.S.-Israeli war on Iran and Iran’s retaliatory grip on the strait, through which about a fifth of the world’s oil usually passes, has sent fuel prices soaring around the world and sparked concerns about a shortage of jet fuel.

Opposition Conservative Party leader Kemi Badenoch accused the British government of “choosing to buy dirty Russian oil.”

But Starmer said the government is phasing in the sanctions package announced in October and has issued a “targeted short-term” license for the refined products to protect British consumers in a volatile situation.

“So, these are new sanctions being phased in. This is not a question of lifting existing sanctions in any way whatsoever,” he said in the House of Commons.

The licenses have no end date, but the government said they would be reviewed regularly.

Britain has been one of Ukraine’s strongest allies since Russia’s full-scale invasion in 2022, and the government insists its sanctions against Russia remain among the toughest in the world.

Starmer spoke to Ukrainian President Volodymyr Zelenskyy on Wednesday and “outlined how the U.K. was ramping up measures to crack down on Russia’s economy,” Starmer’s office said.

It said Starmer “reaffirmed the U.K.’s steadfast support for Ukraine.”

After the call, Zelenskyy posted on X: “I am grateful for all the support the United Kingdom provides to Ukraine — our efforts to protect life.”

But lawmaker Emily Thornberry, who chairs Parliament’s Foreign Affairs Committee, said Ukrainians would “feel very let down” by the easing of sanctions.

A senior Ukrainian official said the Kyiv government was “clarifying the details” with U.K. officials.

“There is currently very active communication between our diplomats, the office (of President Volodymyr Zelenskyy) and the British side,” the official said. He spoke on condition of anonymity as he was not authorized to comment publicly.

The U.S. has also eased Russian sanctions. Earlier this week, Treasury Secretary Scott Bessent extended a 30-day sanctions waiver allowing the purchase of Russian oil shipments already at sea.

On Tuesday, finance ministers from the U.S., Britain and the other Group of Seven wealthy nations issued a joint statement reaffirming “our unwavering commitment to continue to impose severe costs on Russia in response to its continued aggression against Ukraine.”

John Lough, an associate fellow in the Russia program at the Chatham House think tank in London, said that while the sanctions carve-outs were likely to be temporary, “it has a symbolic effect because it does look as though the sanctions regime is weakening.

“If you’re looking at this from Moscow, you would say, well, this is welcome news, because it shows that when push comes to shove, Western countries are really not that committed to a sanctions regime,” Lough said.

×
AdBlock Detected!
Please disable it to support our content.

Related Articles

Donald Trump Presidency Updates - Politics and Government | NBC News Clone | Inflation Rates 2025 Analysis - Business and Economy | NBC News Clone | Latest Vaccine Developments - Health and Medicine | NBC News Clone | Ukraine Russia Conflict Updates - World News | NBC News Clone | Openai Chatgpt News - Technology and Innovation | NBC News Clone | 2024 Paris Games Highlights - Sports and Recreation | NBC News Clone | Extreme Weather Events - Weather and Climate | NBC News Clone | Hollywood Updates - Entertainment and Celebrity | NBC News Clone | Government Transparency - Investigations and Analysis | NBC News Clone | Community Stories - Local News and Communities | NBC News Clone