questionText: To ask the Chancellor of the Exchequer, whether she will have discussions with her international allied counterparts to reduce the level of the Oil Price Cap applicable to Russian exports.
answerText: The UK works closely with G7 partners to increase economic pressure on Russia. On 18 July 2025, the UK lowered the Russian Oil Price Cap alongside the EU, with the aim to reduce Russian oil revenues. On the 15th October the UK also announced new sanctions...
heading: Russia: Oil