UK to phase out Russian oil imports by end of 2022: AFP – Roya News English

UK to phase out Russian oil imports by end of 2022: AFP – Roya News English

Britain said Tuesday it would phase out Russian oil imports by the end of this year, in line with new sanctions announced by the United States following the military operation in Ukraine, according to AFP.

"This transition will give the market, businesses and supply chains more than enough time to replace Russian imports – which make up 8.0 percent of UK demand," Business Secretary Kwasi Kwarteng tweeted.

The oil sanction does not apply to Russian natural gas, which accounts for some four percent of UK supply. But Kwarteng said he was "exploring options to end this altogether.”