UK Announces Enhanced Oil and Gas Sanctions, Including Immediate Bans on Refined Products

GateNews
According to the UK government, on May 20, the UK announced enhanced sanctions on the oil and gas sector, effective today, including immediate bans on refined petroleum products, paraffin wax, naphtha, and lubricating oils. Some measures will be phased in over coming months to manage market stability risks. The government clarified that the new measures represent a strengthening, not an easing, of sanctions.
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