Russia: Oil

(asked on 23rd July 2024) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether he has had discussions with the Secretary of State for Energy Security and Net Zero on the potential merits of dis-investing from oil products which originated from Russian-based crude oil.


Answered by
Stephen Doughty Portrait
Stephen Doughty
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 31st July 2024

The Foreign, Commonwealth and Development Office works closely with the Department for Energy Security and Net Zero to ensure the effective design and implementation of relevant sanctions. The action the UK and its partners have taken to limit Russian energy revenues is having a significant impact, including reducing Russia's oil and gas revenues by 24% in 2023 compared to 2022. We are exploring further options to strengthen our sanctions, including in the energy sector.

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