The sanctions squeeze: Ed Conway explains why the UK is easing sanctions on Russia

The UK government has watered down sanctions on Russia in the face of jet fuel shortages this summer. The move means the UK will allow diesel and jet fuel from Russian crude oil to enter the UK if it is refined in other countries. Sky's economics and data editor, Ed Conway, explains what is going on. Full story: https://news.sky.com/story/uk-waters-down-russian-oil-sanctions-amid-jet-fuel-crisis-brought-on-by-strait-of-hormuz-closure-13546009 #jetfuel #iran #straitofhormuz #globaleconomy SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Listen to our new podcast This is Why, available for free here: https://podfollow.com/thisiswhy To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales