Britain to End All Imports of Russian Diesel and Jet Fuel by 2027
Britain Announces Timeline for Russian Fuel Import Ban
Background and Current Policy
LONDON, June 12 (Reuters) - Britain on Friday said that a full ban on diesel and jet fuel made in Russia would happen by 2027 as it set out its timeline to end a temporary licence for Russian oil products.
Temporary Licence and Supply Issues
- Britain last month said it would continue to allow imports of diesel and jet fuel refined from Russian crude in third countries, deferring a previously announced ban, citing supply issues caused by the Iran war.
Sanctions and Government Review
-The government said existing sanctions were not being lifted, but new sanctions were being phased in.
- On Friday the business and trade ministry said the temporary licence for phasing in the ban would expire by Jan. 1 2027.
- It added that the government would continue to review the licence every two weeks, with a view to lifting the licence as soon as possible.
Reporting Credits
(Reporting by Alistair Smout; Editing by David Gregorio)
