A ban on Russian oil and gas in Britain could “quite possibly” go ahead, the minister for Europe and North America suggested this morning.
However, James Cleverly went on to argue that it would be “more significant” if Europe at large were to increase efforts to decouple itself from Russian energy reliance.
“From the UK’s point of view of course we import very, very little Russian hydrocarbons anyway and so that’s something that we will of course consider,” the MP explained in an interview with Times Radio.
“And it’s also important that we look at ways of helping those countries in Europe who are very heavily reliant on Russian gas in particular to make sure that is robust.”
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When quizzed over whether an outright ban on Russian energy imports could happen, Cleverly explained: “Yeah, quite possibly. I don’t want to say a definite yes because I’m not involved directly in those negotiations but we import very little anyway.
“What’s more significant is making sure we find a way of working as a team of working with those countries who are very heavily dependent on Russian oil and gas. Me saying the UK might do this might make for a good headline but what we need to do is make sure we work closely with each other.”
Cleverly also went on to reiterate the government’s rejection of calls for a no-fly zone in Ukraine, claiming that ” Vladimir Putin is desperate to try and paint this as Russia defending itself against Nato aggression,” and that such a move would play into the dictator’s narrative.
Speaking to BBC Radio 4’s Today programme last week, Nato’s former deputy supreme allied commander General Sir Adrian Bradshaw warned that such a policy could provoke a “third world war”.
Around 45 percent of Europe’s gas comes from Russia. This figure has risen in recent years.
Around 3% of UK gas imports come from Russia.
However, Britain has also been affected by rising wholesale gas prices over the past year.
When the Ofgem price cap is increased from £1,277 to £1,971 on 1 April, millions of UK households will face a cost hike.
A cold winter in 2020 left Europe’s natural gas stocks lower than usual, and a less windy summer in 2021 meant reduced generation from renewables.
Less than 1% of Europe’s stored gas is currently held by the UK, much lower than in previous years and far behind our neighbours.
The impact of reduced supplies has been exacerbated by increased demand in Asia as many industries rebounded from the peak of the pandemic.
The UK is still heavily dependent on gas, with half of its imports. Around half of the UK’s power is generated by gas-fired power plants. Last year a string of factors, including unplanned maintenance outages and the fire damage of a major power cable used to import electricity from France, increased the UK’s dependence on these plants.