UK Eases Sanctions on Russian Oil Products Amid Rising Fuel Prices
The United Kingdom has issued new licenses allowing the import of diesel and jet fuel made from Russian oil, provided these products are processed in third countries. Additionally, a separate license permits the maritime transport of Russian liquefied natural gas (LNG). These measures, effective from May 20, aim to stabilize fuel supplies amidst rising prices and supply chain disruptions caused by geopolitical tensions, including the blockade of the Strait of Hormuz. The UK government asserts that these actions are necessary to protect critical supply chains and maintain market stability, despite ongoing sanctions against Russia for its actions in Ukraine. 
