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UK allows diesel and jet fuel imports from Russian crude via sanctions carve-out - Finance news and analysis from Global Banking & Finance Review
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UK allows diesel and jet fuel imports from Russian crude via sanctions carve-out

Published by Global Banking & Finance Review

Posted on May 19, 2026

1 min read

· Last updated: May 19, 2026

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UK Allows Diesel and Jet Fuel Imports Refined from Russian Crude Under Sanctions Carve-out

Britain Issues Sanctions Exemptions for Refined Fuels

General Trade Licence for Diesel and Jet Fuel

LONDON, May 19 (Reuters) - Britain will allow the import and provision of services linked to diesel and jet fuel refined abroad from Russian crude under a new general trade licence exempting specific products from sanctions restrictions.

Conditions and Requirements for Exemptions

The licence issued on Tuesday grants exemptions where the fuels are processed in third countries but includes conditions such as record-keeping requirements for companies.

Implementation and Review of New Rules

The new rules take effect on Wednesday and will be of indefinite duration, though they will be reviewed periodically and can be amended or revoked, the government said in a notice.

Additional Licence for LNG Maritime Transportation

Time-Limited LNG Licence Details

Separately, Britain issued a time-limited licence covering the maritime transportation of liquefied natural gas and related services under Russia sanctions rules, running until January 1 next year.

Reporting and Editorial Credits

(Reporting by Sam TabahritiEditing by David Goodman)

Key Takeaways

  • UK permits import of diesel and jet fuel refined abroad from Russian crude under new general trade licence with conditions, including record‑keeping; effective from May 20, 2026 and indefinitely duration (subject to periodic review) (interfax.com).
  • Home Secretary may amend, revoke or suspend the licence at any time, with intent to publish changes four months in advance (interfax.com).
  • UK also issued a separate temporary licence authorising maritime transportation of LNG and related services under Russia sanctions until January 1, 2027 (interfax.com).

References

Frequently Asked Questions

What has the UK government announced regarding diesel and jet fuel imports?
The UK government will allow the import and services related to diesel and jet fuel refined abroad from Russian crude oil through a new general trade licence.
What conditions are included in the new trade licence for fuel imports?
The trade licence includes requirements such as record-keeping for companies importing or providing services linked to these fuels.
Is the new general trade licence for fuel imports permanent?
The licence is of indefinite duration but will be reviewed periodically and may be amended or revoked by the government.
Does the UK’s licence cover liquefied natural gas (LNG) transportation?
Yes, Britain issued a separate time-limited licence for the maritime transportation of liquefied natural gas and related services until January 1 next year.
Are there any reporting or record-keeping requirements for companies under the new rules?
Yes, companies must adhere to specific record-keeping requirements as outlined in the new trade licence.

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