PARLIAMENTARY WRITTEN QUESTION
Russia: Oil (30 August 2024)
Question Asked
Asked by:
Blair McDougall (Labour)
Answer
The action the UK and its partners have taken to limit Russian energy revenues is having a significant impact, with Russia forced to shoulder a 24% reduction in oil and gas revenues in 2023 compared to 2022. Importers of oil and oil products into the UK, as well as those seeking to access UK services to facilitate above-cap oil trades, must provide proof that goods are not of Russian origin. The UK continues to limit Russian revenues, for example through our actions to disrupt and deter Russia's 'shadow fleet'. The Government is committed to rigorously enforcing our sanctions, keeps all our sanctions under review, and will not hesitate to take further action to limit Russian revenues which fuel its war machine.
Answered by:
Stephen Doughty (Labour)
9 September 2024
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.