UK Stands Firm on Russia Sanctions, US Eases Restrictions

0:00On March 13, the United Kingdom has no plans to ease sanctions on Russian oil like the United States just did. A top energy minister made that clear, stressing the need to keep pressure on Russia amid its invasion of Ukraine. Meanwhile, the Trump administration granted a short-term waiver allowing purchases of Russian oil and fuel already at sea. This U.S. move comes as conflict in the Middle East disrupts supplies and drives of energy costs worldwide. The waiver lasts until April 11, and targets only oil and transit, with officials calling it a limited step for market stability. Russia reportedly has around 100 million barrels heading to buyers right now. UK Energy Minister Michael Shanks pushed back, without naming the U.S. directly. He argued that any relief for Russia's economy could fuel its military efforts, so Britain will stick to its full sanctions regime, including crackdowns on shadow fleets. Russia's oil representative praised the decision, saying it recognizes the role Russian supplies play in global stability.

1:02Even with the U.S. and other G7 nations releasing huge reserve stocks, oil prices climbed overnight to about $100 per barrel. As tensions rise on multiple fronts, the UK remains committed to its strategy, aiming to squeeze Russia's resources without compromise.