EDM 651: British companies and the transportation of Russian liquefied natural gas

That this House stands with the people of Ukraine against the illegal invasion and occupation of their country by Russia; believes that sanctions on Russian exports and, in particular, Russian-produced fossil fuels, are necessary to help reduce the ability of Russia to fund its ongoing invasion; welcomes that the UK Government has prohibited the importation of Russian liquefied natural gas (LNG) into the UK; notes with concern, however, that British companies continue to be involved in the transport and sale of Russian LNG from Russia to other countries; further notes with extreme concern that it has been reported that Glasgow-based corporation Seapeak Maritime Glasgow Ltd own and operate six tankers transporting Russian LNG and at least 12 tankers transporting Russian gas through the Arctic Ocean have protection and indemnity insurance provided by UK-based insurers, including North of England P&I Association, Standard P&I Club per Charles Taylor & Co, and UK P&I Club; believes that companies involved in the sale and exportation of Russian LNG should not be eligible for Government assistance, financial or otherwise; and calls on the UK Government to close current loop-holes that allow British-based companies to transport Russian LNG despite previous sanctions.