The partnership involves working together to reduce global dependence on Russian energy exports.

Against the background of the full-scale Russian invasion of Ukraine and the entry into force of oil sanctions against the aggressor country, the United States and Great Britain announced the creation of a partnership on December 7.

As stated in the message on the website of the British government, the partnership involves joint work on reducing global dependence on Russian energy exports, stabilizing energy markets and intensifying cooperation in the field of energy efficiency, nuclear and renewable energy.

“This partnership will lower prices for British consumers and help end Europe’s dependence on Russian energy once and for all,” British Prime Minister Rishi Sunak said.

A high-level joint working group will be created to implement the initiative. Who will lead it has yet to be announced.

The USA is going to export at least 9-10 billion cubic meters as part of the partnership. m of liquefied natural gas in 2023 through British terminals. This is twice as much as this year.

The group will also work to reduce global dependence on oil and gas from the Russian Federation.

The war in Ukraine and the situation with Russian oil:

On December 3, 2022, the Council of the European Union decided to set the ceiling price for oil exported from Russia at USD 60 per barrel.

On December 5, 2022, EU oil sanctions against Russia entered into force.

The price ceiling means that from December 5, the 27 EU countries, the UK, the US, Canada, Japan and Australia will provide services related to Russian tanker oil only if it is purchased at or below a set ceiling price.

From February 5, 2023, the purchase of Russian oil products will also be prohibited.

Commenting on the decision to cap the price of Russian oil at $60 per barrel, Ukrainian President Volodymyr Zelenskyy noted that this is a weak position.