Oil: Russia
Commons · Question 34073 · Tabled 26 Feb 2025 · Treasury · Official record
Answered 6 Mar 2025
Question
Asked by Martin Wrigley
To ask the Chancellor of the Exchequer, whether her Department holds information on the proportion of Russian oil (a) imports and (b) exports insured by UK financial instruments.
Answer
Answered by Emma Reynolds, 6 Mar 2025
The Oil Price Cap was designed to meet two core objectives: to bear down on Russian revenues that could otherwise be used to fund its illegal war, whilst also maintaining global energy security and flows of affordable oil to countries that need it. The me...