UK Waters Down New Russian Oil Sanctions as Fuel Prices Rise The United Kingdom's decision to water down new Russian oil sanctions sends a stark message: the global economy can sometimes be more powerful than even the most well intentioned policies.
The UK government's pivot on its planned ban on importing diesel and jet fuel made from Russian oil, via third countries like India and Turkey, marks a shift in priorities that will have far reaching implications for the world.
The original plan to phase out these imports aimed to cripple Russia's war machine by cutting off a crucial source of revenue.