UK Sanctions on Russian Oil Will Push up Living Costs, Britons Warned

UK Sanctions on Russian Oil Will Push up Living Costs, Britons Warned
Fuel pumps in an undated file photo. Peter Byrne/PA
Alexander Zhang
Updated:

Britain’s new sanctions on Russian oil and gas imports could have an impact on the cost of living in the UK, politicians and experts have warned.

Business secretary Kwasi Kwarteng announced on Tuesday that Britain will join the United States in halting the import of Russian oil and related products, to ramp up the economic pressure on Russia following the invasion of Ukraine.