Has Starmer ‘BETRAYED’ Ukraine by relaxing Russian oil sanctions?

Has Starmer ‘BETRAYED’ Ukraine by relaxing Russian oil sanctions?

From The Fourcast by Channel 4 News

May 20, 2026 · 32 min

About this episode

The episode discusses the implications of relaxing Russian oil sanctions and the economic impact of the Iran war.

How bad is the economic hit from the Iran war going to be? If the talk around price caps on essential food items, and lifting sanctions on Russian oil and gas are anything to go by, then it could be very bad indeed. The government says any price freeze will be voluntary after supermarket bosses called the idea ‘preposterous’ and ‘nonsense.’ But plans to continue to allow diesel and jet fuel to be imported into the UK from Russian oil refined in other countries will go ahead. The Conservatives call this a ‘betrayal of Ukraine.’ On this episode of the Fourcast, Jackie Long is joined by Channel 4 News' Economics Reporter Neil Macdonald, the economist Vicky Pryce and Tom Keatinge, the founding director at the Centre for Finance and Security at the think tank RUSI.

People in this episode

Host: Jackie Long

Guests: Neil Macdonald, Vicky Pryce, Tom Keatinge

Topics covered

  • Ukraine
  • sanctions
  • oil
  • economics
  • food prices
  • politics

Keywords

  • Ukraine
  • sanctions
  • Russian oil
  • economics
  • food prices
  • politics
  • Iran war

Mentioned in this episode

Organizations: Channel 4 News, Centre for Finance and Security, RUSI

Places: UK

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