• UK to make announcement at 1600GMT on how its intends to reduce Russian oil and gas imports over time

Market news

8 March 2022

UK to make announcement at 1600GMT on how its intends to reduce Russian oil and gas imports over time

The UK government will make an announcement at 1600GMT on Tuesday detailing plans to reduce Russian oil and gas imports over time, tweeted a Politico reporter on Tuesday. 

Subsequent reports suggested that the UK is set to announce a ban on Russian oil imports that will be phased in over the course of a few months and won't include gas. 

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