Oil: Russia
Commons · Question 3623 · Tabled 20 May 2026 · Department for Business and Trade · Official record
Answered 1 Jun 2026
Question
Asked by Ben Obese-Jecty
To ask the Secretary of State for Business and Trade, with reference to the General Trade Licence for sanctioned processed oil products published on 19 May 2026, under what circumstances would the Secretary of State (a) revoke or (b) suspend the licence.
Answer
Answered by Chris Bryant, 1 Jun 2026
On 20 May 2026, the UK introduced new sanctions to further target Russian revenues and degrade its ability to wage its illegal war in Ukraine. Alongside these measures, general trade licences for refined oil and liquid natural gas (LNG) were issued to ens...