Refusal of Russian liquefied gas is one of London’s steps aimed at reducing the Russian Federation’s profits.
Great Britain has stopped importing liquefied natural gas (LNG) from Russia since Sunday, January 1. “We are cutting off Putin from funding his illegal war and supporting countries around the world to reduce their dependency,” the UK Foreign Office said on Twitter.
In addition, according to the plan presented by London in July of last year, from December 31, the country had to abandon the import of oil and oil products from the Russian Federation.
“This amendment prohibits the importation of oil and petroleum products, coal and coal products, and gold, as well as the acquisition, supply, and delivery, directly or indirectly, of these products… The gold import ban entered into force on July 21, the coal import ban entered into force on August 10, 2022, and the ban on oil imports will come into effect on December 31, 2022,” said the message to exporters, which was distributed by the Foreign Trade Ministry of the United Kingdom.
In early December, Great Britain, along with other G7 countries, the European Union, and Australia, imposed a price cap on Russian oil transported by sea at the level of US$60 per barrel.
These steps were also aimed at reducing Russia’s profits and its ability to continue the war against Ukraine since the sale of oil and gas to Europe was one of the main sources of foreign exchange earnings for Moscow.
In order to compensate for the reduction in the supply of energy carriers from the Russian Federation and to ensure its energy security, Great Britain, among other things, in September lifted the moratorium on the production of shale gas, which had been in effect in the country since 2019. “Against Putin’s illegal invasion of Ukraine and the transformation of energy into a weapon, strengthening our energy security is an absolute priority,” the country’s government explained at the time.
