Prime Minister Boris Johnson, talking on the Conservative Party Spring Conference in Blackpool this afternoon, vowed: “We must take the bold steps necessary to end our dependence on Putin’s oil and gas.”
After declaring solidarity with these in Ukraine, saying “our hearts go out to them”, Mr Johnson stated he was “proud” of the sanctions issued by No10 to Russian oligarchs, focusing on their “yachts and their assets” – but there was extra to do.
He claimed: “It is time to take back control of our energy supplies.”
The Prime Minister earlier this month introduced it can part out imports of Russian oil and oil merchandise by the top of 2022 as nicely as contemplate banning its pure gasoline.
A information launch from the Department for Business, Energy and Industrial Strategy learn: “In a competitive global market for oil and petroleum products, demand can be met by alternative suppliers.
“We will work intently with worldwide companions to make sure different provides of gas merchandise.
“Russian imports account for 8 percent of total UK oil demand, but the UK is also a significant producer of both crude oil and petroleum products, in addition to imports from a diverse range of reliable suppliers beyond Russia including the Netherlands, Saudi Arabia, and USA.”
Russian gasoline in the UK makes up solely about three % of the market, as most of Britain’s provide comes from the North Sea and Norway.
Yet, lowering imports may very well be an essential contribution to the worldwide efforts placing strain on Vladimir Putin’s regime.