“Sneaky” UK never sanctioned Russian oil (data shows)
“Sneaky” UK never sanctioned Russian oil (data shows)
After the Ukraine war started at end of February, UK was the first one to plan to sanction Russian oil. Cut to nine months later, the UK has phased out the Russian oil ‘officially’. But ‘unofficially’ it still continues to use the Russian oil. The matter of fact is that London never sanctioned Russian oil.
The intention to gradually stop importing Russian oil was announced on March 8 by Boris Johnson, the then-prime minister of the UK. The next day, Kwasi Kwarteng, the then-business secretary, in a Commons debate declared that the UK “must end its dependency on all Russian hydrocarbons.”
Kwarteng said, “Our trade, financial and personal sanctions are having an effect on the Russian economy. The British government has sent a clear message to Putin’s regime and to those who support him in his war against Ukraine.
This was eight months after the Ukraine war. The sanctions were actually fruitful in the beginning. Russia’s Rouble fell 70% to 139 against the American Dollar. Russian Rouble is now the strongest it has been in two decades. All these points prove the same point that Russia has bounced back strongly after the sudden jolt of sanctions.
more at TFI NEWS
