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LIVE: Boris Johnson faces PMQs as Russia invades Ukraine
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Britain and the US hit Russia with probably their most damaging economic measures yet on Tuesday as both countries committed to banning Russian oil.
UK Business Secretary Kwasi Kwarteng said the government would phase out all Russian oil imports, which make up 8% of British demand, by the end of the year.
Kwarteng also said he would end Britain’s use of Russian gas.
The government’s announcement was coordinated with Joe Biden’s statement that he would ban all Russian energy imports, as the U.S. president vowed: “We will not be part of subsidizing Putin’s war.”
The EU meanwhile announced a slower plan to wean itself off Russian energy, saying it would reduce its dependence on Russian gas imports by two-thirds this year, and aim to stop using any by the end of the decade. Russia supplies about 40% of the bloc’s total gas consumption.
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UK Business Secretary Kwasi Kwarteng said the government would phase out all Russian oil imports, which make up 8% of British demand, by the end of the year.
Kwarteng also said he would end Britain’s use of Russian gas.
The government’s announcement was coordinated with Joe Biden’s statement that he would ban all Russian energy imports, as the U.S. president vowed: “We will not be part of subsidizing Putin’s war.”
The EU meanwhile announced a slower plan to wean itself off Russian energy, saying it would reduce its dependence on Russian gas imports by two-thirds this year, and aim to stop using any by the end of the decade. Russia supplies about 40% of the bloc’s total gas consumption.
Continue reading
Putin warns ‘unparalleled’ hypersonic missiles ready to launch & stockpiles blood as fears grow he’s preparing for war
Britain ‘WON’T let Vladmir Putin win’ as Liz Truss vows to inflict ‘pain’ over Russia’s invasion of Ukraine
Britain to send more weapons to Ukraine within days after Boris Johnson warns of Vladimir Putin’s ‘irrational’ behaviour
Sanctions on Russia go nowhere near far enough to deter Putin’s land grab
The Sun newspaper brings you the latest breaking news videos and explainers from the UK and around the world
Become a Sun Subscriber and hit the bell to be the first to know