UK to hit Russia sanctions busters with fines as oil cap probe ramps up

UK Treasury claims it is using post-Brexit powers to secure evidence to back price cap investigations

UK Chancellor of the Exchequer Jeremy Hunt has overal responsibility for the work of the sanctions regulator Ofsi. — UK Chancellor of the Exchequer Jeremy Hunt has overal responsibility for the work of the sanctions regulator Ofsi.Photo: AFP/SCANPIX

Paul Peachey

TradeWinds correspondentLondon

United Kingdom Russia Ukraine Crisis Europe Western Europe

Published 10 May 2024, 10:53Updated 10 May 2024, 10:54