Latest News

Russia can still send oil and gas to Britain despite port ban


© Reuters

LONDON (Reuters) -Russia can still send oil and gas to Britain despite a ban on the country’s ships visiting British ports, the Department for Transport (DfT) said on Wednesday.

Britain on Tuesday passed a law that it said banned all ships that have any connection to Russia from entering its ports following the Russian invasion of Ukraine.

The law applied to all ships that are Russian owned, operated, controlled, chartered, registered or flagged.

However, the transport department said the sanctions were focused on the vessel, not its cargo, and so would not stop ships registered with other countries from transporting Russian oil or liquefied natural gas to Britain.

Russia, which has described its actions in Ukraine as a “special operation”, has already responded in kind to other sanctions such as a UK and EU decision to block Russian planes from using their airspace.

Russian vessels carrying cargoes of energy make regular visits to UK ports.

Russia can still send oil and gas to Britain despite port ban

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

OPEC+ swerves Ukraine crisis and sticks to oil output plans

Previous article

Exxon to exit Russia, leaving $4 billion in assets

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News