UK Relaxes Russian Oil Sanctions to Boost Diesel and Jet Fuel Supply
On Tuesday, Britain granted two licenses permitting the importation of diesel and jet fuel, refined overseas from Russian crude, starting Wednesday and lasting indefinitely with regular evaluations. This action is intended to bolster supply, as UK stocks of diesel and jet fuel are projected to fall to their lowest levels since 2023 this month. The announcement has caused disappointment among Ukrainians, who feel 'very let down.'
Key facts
- Britain issued two licences on Tuesday to allow imports of diesel and jet fuel refined abroad from Russian crude.
- The licences take effect on Wednesday with indefinite duration and shall be periodically reviewed.
- UK inventories of diesel and jet fuel are set to shrink to their lowest since 2023 this month.
- The move aims to shore up supply.
- Ukrainians feel 'very let down' by the decision.
Entities
Institutions
- Reuters
Locations
- United Kingdom
- Russia
- Leigh Delamere
- Britain