Written Question·Treasury·UIN 47567
Oil: Exports
Tabled: 23 April 2025
Answered: 28 April 2025
Named DayQuestion
Helen Maguire
Liberal Democrat — Epsom and Ewell
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of lowering the Oil Price Cap on Russia’s revenue generation through seaborne oil exports.
Answer
Emma ReynoldsThe UK is committed to maintaining the efficacy of the price cap and to adapting it as necessary and practicable, subject to thorough impact assessments and alongside our international partners, to further our objectives of constraining Russian oil revenu...
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