Notes from New AutoMotive
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Can The UK Ever Be Free From Russian Diesel?
According to the Office for National Statistics (ONS), June 2022 was the first month that no fossil fuels were imported into the UK from Russia. This is the first time this has happened since the British Government began tracking fossil fuel imports in 2002. No oil, gas, or coal was taken, showing a remarkable drop from the £4.4 billion given to Russia for its fossil fuels exports in the year up to June 2022. This is especially impressive given the fact that fossil fuel prices remain high, and many EU countries are stockpiling fuel in response to the ban, which will come into force at the beginning of 2023 and has thus far had minimal impact on the amount of money coming into Russia from the sales of these fuels.