Oil: Price Caps
Commons · Question 106996 · Tabled 20 Jan 2026 · Foreign, Commonwealth and Development Office · Official record
Answered 28 Jan 2026
Question
Asked by Wendy Morton
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps she has taken to help ensure international partners are adhering to the UK Oil Price Cap introduced in December 2022.
Answer
Answered by Stephen Doughty, 28 Jan 2026
The Government is taking decisive action alongside international partners to increase pressure on Russian energy revenues. Last year, the UK and US sanctioned Russia's four oil majors. Russia's oil export revenues are now at their lowest since the start o...