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Brutal Benchmark

Gas imports reach mark at six month point of war

The Russo-Ukraine War reached its half-year mark on Wednesday, with no end in sight in an ominous mark to Europe's largest armed conflict since the Second World War. The war has had a major impact on energy markets, as indicated by the latest round of statistics.

Figures from the Office for National Statistics (ONS) released six months after the start of the war found that in June the UK’s imports from Russia were down by 97% and stood at only £33m as sanctions took effect.

The ONS data shows that by June the UK government had already achieved its objective of phasing out Russian oil imports by the end of 2022 and ending imports of liquefied natural gas as soon as possible after that.

In the 12 months leading up to the war, the UK imported an average of £499m of fuel from Russia but this figure has dropped to zero, the first time this has happened since modern records began in 1997.

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