The British government calls on businesses to use the rest of the year to ensure a smooth transition and pledges to help them find alternative suppliers. RussiaUkraineCrisis
LONDON, United Kingdom – Britain will phase out imports of Russian oil and oil products by the end of 2022, Prime Minister Boris Johnson said on Tuesday, March 8, joining other nations including the United States in reducing their energy dependency on Russia., Britain and others are seeking ways to deprive Moscow of income and cut their own use of Russian energy exports by becoming more self-sufficient.
“Working with industry, we are confident that this can be achieved over the course of the year, providing enough time for companies to adjust and ensuring consumers are protected.” “This transition will give the market, businesses, and supply chains more than enough time to replace Russian imports – which make up 8% of UK demand,” Kwarteng said on Twitter.