UK Refuses to Ease Russian Oil Sanctions Despite US Policy Shift
- Mar 13
- 1 min read
Date: 13 March 2026
Tags: UK, Politics, Energy, International
Why this matters: Sanctions policy and energy supply decisions affect global oil markets, geopolitical relations and inflation risks.
Summary:
The UK government said it will not follow the US in easing sanctions on Russian oil.
The US temporarily allowed purchases of Russian oil currently stranded at sea.
The measure aims to stabilise global oil markets amid Middle East conflict.
Downing Street said partners should maintain economic pressure on Russia.
Officials warned Russia could use the crisis to strengthen its wartime economy.
The UK government reaffirmed its commitment to sanctions linked to the Ukraine war.
Oil prices recently exceeded $100 per barrel amid tensions around the Strait of Hormuz.
Iran’s blockade of the shipping route has raised concerns about global energy supplies.
The International Energy Agency plans to release emergency oil reserves to stabilise markets.
UK ministers are coordinating with allies to manage energy supply and rising fuel prices.
What’s next: Governments are monitoring energy markets while continuing diplomatic efforts to stabilise supply and address the conflict.
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