LONDON (Reuters) – Politico has said Britain will ban Russia’s oil imports, which are expected to exit gradually over time rather than overnight.
The move was announced to ET at 1:00 pm and is expected to establish a ban and its phase-building period, which is expected to last about a year in an effort to prevent people from panicking when buying fuel at a time when energy prices are skyrocketing. .
Politico says there will not be a one-time ban on Russian gas, but it is still under discussion within the government.
British Prime Minister Boris Johnson said on Monday that his government would devise a new energy supply strategy as the Russian invasion of Ukraine and rising energy prices accelerated the demand for new energy sources and greater self-sufficiency.
Earlier on Tuesday, oil prices rose in anticipation of the US announcing a formal ban on Russia’s oil imports.
On Tuesday, the European Commission announced plans to reduce the EU’s dependence on Russian gas by two-thirds this year and end its dependence on Russian gas supplies “before 2030”.
(Report by Kylie McClellan)
Know more
+ Omigron: Unexpected sign of infection in children worries medical groups
+ Mercadão de SP sellers threaten customers with fruit blows
+ Video: A mother was attacked on social media for wearing tight clothes to take her son to school
+ Horoscope: Check today’s forecast for your zodiac sign
+ What do you know about fluorone?
+ Lemon squeezing trick becomes a craze on social media
+ ‘Monster Ichthyosaur’ discovered in Colombia
+ One twin was a vegetarian, the other ate meat. Check the result
+ See what are the most stolen cars in SP in 2021
+ Exhibition identifies giant squid that caused the shipwreck in 2011
+ US agency warns: Never wash raw chicken meat
“Reader. Infuriatingly humble travel enthusiast. Extreme food scholar. Writer. Communicator.”
