The British Government will Not Follow Trump’s (R) Decision to Lift Russian Oil Sanctions Temporarily, saying the move Risks Helping Vladimir Putin’s “War Machine”. The U.S. Issued Exemptions for Moscow’s Oil already at Sea, as Crude Prices Rose Sharply after Iran All but Closed the Strait of Hormuz, which Serves as a Conduit for about a Fifth of the World’s Oil.
There are Fears that Trump’s Decision to Lift Restrictions until 4/11/2026 will Help to Salvage the Russian War Economy, Four Years after its Illegal Invasion of Ukraine. Sir Keir Starmer’s Spokesman Confirmed on 3/13/2026 that its Position had Not Changed, saying it Remained Committed to “exerting maximum economic pressure on Russia”.
Earlier, Michael Shanks, the Energy Minister, Declined to Criticise the U.S. Directly, but Warned that the Move would “Assist” the Kremlin. Insisting that Britain would Keep its Sanctions against Moscow, Shanks told Sky News: “This is a moment where I suspect in the Kremlin they are looking at this as an opportunity to fix some of their ailing economy.
“And that is a great shame because we have to do everything that we possibly can to make sure we are bringing all pressure to bear on Russia so that we can win this war in Ukraine.” He added: “It’s really important that we don’t do anything that can assist the Russian war machine right in the middle of a really critical moment in this conflict against Ukraine.”
Shanks was then asked whether the U.S. had made a “Mistake” Lifting the Sanctions. He responded: “I’m not going to be drawn on what the US government does, that’s their decision. I’ve been really clear, the UK Government will not be lifting our sanctions here.”
On Friday, Germany and also pledged to maintain sanctions against Russia. Friedrich Merz, the German chancellor, said that Mr Trump was “wrong” to ease sanctions on Canada and Moscow, adding: “We want to ensure that Russia does not exploit the war in Iran to weaken Ukraine.”
He made the Comments Alongside His Canadian and Norwegian Counterparts at a Press Conference in Bardufoss, a Military Town Located above the Arctic Circle, where a Nato Exercise is taking Place. Merz’s Comments were Echoed by Mark Carney, the Canadian Prime Minister.
Trump’s move is expected to Add Hundreds of Millions of Barrels of Crude Oil to the Market in the Hope of Cutting Prices. Last year, Russia Raked in $160bn from Oil Sales and $40bn from Gas. Turmoil in the Energy Market Disproportionately Benefits Russia because it Reduces the Effectiveness of Extensive Sanctions Applied to Putin’s Regime by the West.
Scott Bessent, the U.S. Treasury Secretary, Acknowledged on Thursday that Moscow could Benefit Financially from the Move, though Only Marginally. “This narrowly tailored, short-term measure applies only to oil already in transit and will not provide significant financial benefit to the Russian government,” He said.
However, the Move will be Viewed by Russia’s Oil Buyers as a Sign that the White House is Scaling Back Sanctions because Officials are Growing Worried about Soaring Petrol Prices. Moscow is already Believed to have Earned almost $2bn from Taxes on Oil Exports after Iran’s Effective Shutdown of the Strait of Hormuz, Driving Demand for Russian and Chinese Oil.
On Friday Morning, Efforts to Temper Oil Prices, which have Remained at about $100 a Barrel, were further Hampered by Continued Israeli Strikes on Iran. According to Data published at the Start of February, Russia’s War Economy Sputtered to a Grinding Halt in the Past Year.
Russia’s GDP Expansion Rate Slid from 4.9% in 2024 to 1% in 2025, and Projections suggested its Sluggish Growth Trajectory would Persist into 2026. Russia’s Inflation Rate also remains stubbornly High, at 6.4%. Also on Friday, Yvette Cooper, the Foreign Secretary, Accused Russia and Iran of trying to “hijack the global economy”.
Yvette Cooper, at a British Military Base in Riyadh, Saudi Arabia, Claimed Iran and Russia were trying to Hijack the Global Economy, Stefan Rousseau/PA. Yvette Cooper, at a British Military Base in Riyadh, Saudi Arabia, Claimed Iran and Russia were trying to Hijack the Global Economy, Stefan Rousseau/PA.
Mojtaba Khamenei, Iran’s New Supreme Leader, has said He will continue Attacking Shipping in the Strait of Hormuz in Retaliation for Ongoing US-Israeli Strikes. During a Visit to Saudi Arabia, Ms. Cooper said: “We have seen these links between Russia and Iran over an extended period of time.
“We’re seeing it in terms of technology, we see it in terms of the approach, we see it in terms of these kinds of tactics, and we see it in terms of the way these two states try to support each other and try to benefit together from attempting to hijack the global economy.”
Ms. Cooper added that the Government was “Very Clear” about the Russian and Iranian Threat to both “the global economy and all of our wellbeing”. However, She also Declined to Criticise the U.S. about its Time-Limited Lifting of Oil Sanctions, Claiming that it was a “specific, targeted issue”.
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