Ukraine ally Britain eases sanctions on Russian oil as fuel prices surge over Iran conflict
The U.K. has relaxed sanctions on Russian oil to mitigate rising fuel prices due to the Iran conflict. A new trade license allows the import of Russian oil refined in third countries, despite ongoing support for Ukraine. Critics argue this move undermines efforts to pressure Russia economically.
- ▪The U.K. government has eased sanctions on Russian oil to address rising fuel prices.
- ▪A trade license permits the import of Russian oil refined in countries like India and Turkey.
- ▪Critics, including lawmaker Emily Thornberry, believe this decision could disappoint Ukraine and weaken sanctions against Russia.
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The U.K. government has quietly watered down sanctions on Russian oil in an effort to shelter Britons from the cost-of-living squeeze triggered by the closure of the Strait of Hormuz.A trade license that came into effect on Wednesday (May 20, 2026) permits the import of Russian oil that has been refined into jet fuel and diesel in third countries, such as India and Turkey.The U.S.-Israeli war on Iran and Iran's closure of the strait, through which about a fifth of the world's oil usually passes, has sent fuel prices soaring around the world and sparked concerns about a shortage of jet fuel.
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