UK, US and EU to target Russian oil and gas
Following this week’s announcement by US and UK governments, the Business Secretary has set out more detail on how the UK will phase out the import of Russian oil and oil products by the end of 2022. This includes the establishing of a new joint taskforce with industry to work on an orderly transition. The US expects to cut imports immediately.
Read the press release here: https://www.gov.uk/government/news/uk-to-phase-out-russian-oil-imports
Read the Business Secretary’s statement to Parliament here: https://www.gov.uk/government/speeches/statement-on-the-phasing-out-of-russian-oil-imports
Source SMMT
