Fears that banned Russian oil could make its way into Scotland

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Sunday Mail News

Taxes,Grangemouth

Grangemouth oil refinery's part owners PetroChina began trading Russian crude last year.

A sanctions loophole means diesel and jet fuel which is funding Putin’s war machine can often enter the UK legally if processed in a third country.

“In one year the UK’s purchases of this oil sent over £140million in tax revenues fueling the Kremlin war chest, equivalent to almost a third of the UK’s Earlier this year a CREA report found millions of barrels of fuel made from Russian oil are still being imported to the UK as a result of the loophole.

CREA said this “refining loophole” meant countries such as India and China, who have not sanctioned the Kremlin, are able to legally import Russian crude and refine it into oil products such as jet fuel and diesel. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don’t like our community, you can check out any time you like.If you’re curious, you can read our Privacy Notice.

 

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