Due to the crisis in the Middle East, Britain will allow the import of fuel from Rosneft

The UK has eased sanctions against Russia to curb rising domestic prices amid an energy crisis.

The UK government has decided to allow imports of diesel and jet fuel if it was produced outside the country using Russian oil. Reuters reports.

The decision comes amid prolonged disruptions to energy markets due to the military conflict and restrictions on shipping in the Strait of Hormuz. London is thus trying to ease pressure on the domestic fuel market and curb rising costs for households and airlines.

The new rules will come into force on May 21 and will be in effect indefinitely, although the government reserves the right to periodically review or cancel this decision.

The UK’s move coincides with the policy of the US, which previously extended an exemption from the sanctions regime for Russian oil. This allows individual countries to purchase Russian raw materials already loaded on tankers to stabilize supplies amid global energy instability.

In addition, the British authorities have issued a temporary license for the maritime transportation of LNG from the Russian projects Sakhalin-2 and Yamal. The permit will be valid until January 1, 2027 and should partially compensate for the LNG deficit caused by the reduction in supplies from the Persian Gulf.

Also, the day before, USM reported that Iran is converting old tankers into floating oil storage facilities due to the US blockade.