Oil: Exports
The question
To ask the Secretary of State for Business and Trade, what information his Department holds on oil exports to Russia which are (a) processed, (b) traded, (c) refined and (d) financially insured in the UK.
Answered by Mr Douglas Alexander
The UK did not export oil (HS 2709 and 2710) to Russia in 2023 or 2024.
The department does not hold specific information on financial insurance services. However, the export of - and technical assistance, financial and brokering services related to - a petroleum oil, including crude, as well as oil refining goods and technology are prohibited to Russia under UK sanctions. Failure to comply with our sanctions is a serious offence and punishable through large financial penalties or criminal prosecution.
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