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A former foreign office minister has said the UK risks falling into “dystopian economic collapse” should it move to sanction Russian gas.
It comes as Britain may move this week to ratchet up sanctions on Russia’s oil and gas industries as part of efforts to isolate Putin’s regime globally.
Sir Alan Duncan told BBC Radio 4’s Today programme;
“There is this auction of indignation, which all of us totally understand, against anything to do with Russia.
“So they ban this, ban that and ban everything, but in the end, we’re going to end up banning our own supplies.
“Now, we of course, want to disadvantage Russia as an essential tool of war. But we don’t want to disadvantage ourselves so that we fall into some kind of dystopian economic collapse. We are on the edge of that.
“Now, for instance, there are subsidiary companies of Gazprom, which are not sanctioned, which are not incorporated in Russia, which are incorporated in one case in the UK, which are essential to the smooth flowing of gas.”
