Good news for Putin: UK loosens sanctions on Russian oil as petrol prices reach their highest levels yet and jet fuel crisis bites holiday industry
- Posted on May 20, 2026
- By Daily Mail
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- 1 min read
Good news for Putin: UK loosens sanctions on Russian oil as petrol prices reach their highest levels yet and jet fuel crisis bites holiday industry
According to the licence, the sanctions carve-out will be periodically reviewed as fuel prices rise due to the closure of the Strait of Hormuz and the ongoing crisis in the Middle East.