LONDON — The U.K. backs a ban on maritime services for Russian oil shipments and could act alongside the European Union in a future crackdown even without U.S. support, a minister and a senior government official confirmed Wednesday.
Any move banning the U.K.’s globally-important insurance and shipping sectors from facilitating Russia’s oil trade would go beyond the current price cap policy. Under those rules, firms are banned from providing services to Russian oil unless it is sold below $44.10 a barrel.
