Written Question·Treasury·UIN 101796
Insurance: Merchant Shipping
Tabled: 2 January 2026
Answered: 8 January 2026
Question
Mr Tanmanjeet Singh Dhesi
Labour — Slough
To ask the Chancellor of the Exchequer, whether she has any plans to restrict UK insurance companies providing cover to vessels which ship Russian oil.
Answer
Lucy RigbyThe UK already restricts UK firms from insuring Russian oil. The UK implements the G7+ Oil Price Cap (OPC) which prohibits G7+ companies from shipping, insuring or otherwise servicing Russian oil sold above a set price to put downward pressure on Russian ...
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