Written Question·Treasury·UIN 34073
Oil: Russia
Tabled: 26 February 2025
Answered: 6 March 2025
Question
Martin Wrigley
Liberal Democrat — Newton Abbot
To ask the Chancellor of the Exchequer, whether her Department holds information on the proportion of Russian oil (a) imports and (b) exports insured by UK financial instruments.
Answer
Emma ReynoldsThe Oil Price Cap was designed to meet two core objectives: to bear down on Russian revenues that could otherwise be used to fund its illegal war, whilst also maintaining global energy security and flows of affordable oil to countries that need it. The me...
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