UK set to ban Russian oil imports

The UK government said the transition period will give the market, businesses and supply chains more than enough time to replace Russian oil imports, which make up 8% of UK demand. Photo: David Hecker/Getty Images The UK is set to phase out the import of Russian oil and oil products by the end of 2022, following similar moves by the US. The government said the transition period will give the market, businesses and supply chains more than enough time to replace Russian imports, which make up 8% of UK demand. Britain is less reliant on Russian fossil fuels than many…