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UK To Announce New Energy Supply Strategy Amid Crisis

At a Monday press conference, UK prime minister Boris Johnson warned that, while Europe could not simply ban the use of oil and gas overnight, countries should work together to quickly move beyond Russian energy supplies amid the ongoing Russia-Ukraine conflict.

Posted: 8th March 2022 by
Finance Monthly
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When asked whether there would be a European ban on oil imports from Russia, Johnson replied, "There are different dependencies in different countries, and we have to be mindful of that, and you can't simply close down the use of oil and gas overnight even from Russia.”

"We can go fast in the UK...what we need to do is to make sure we are all moving the same direction... and that we accelerate that move and I think that's what you are going to see."

The UK prime minister also said that the government must ensure a substitute supply, though warned that impacts to the UK population can be expected. 

Johnson’s announcement follows on from previous remarks from Europe minister James Cleverly who said that the UK will consider banning Russian oil imports as the US moves to do so.

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