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Transcripts for BBCNEWS World Business Report 20220301 05:49:00

a vessel on a spot rate taking a vessel on a spot rate taking a load from orkney to rotterdam. it wasn t really russian connected and this is the point, the shipping is very complex in that regard, so what might seem to be a russian import is not at all. the devil is always import is not at all. the devil is always in import is not at all. the devil is always in the import is not at all. the devil is always in the detail. - import is not at all. the devil is always in the detail. thankj is always in the detail. thank you, and we will keep a close eye on how things develop. peter aylott from the uk chamber of shipping. fuel prices have hit record highs in the uk as russia s invasion of ukraine continues to affect global oil prices. the price of brent crude rose by 4.6% to $102 a barrel on monday after western nations imposed new sanctions on russia one the world s largest energy producers. the global oil cartel opec which includes russia will meet on wednesday to decide if t

Transcripts for BBCNEWS World Business Report 20220301 05:46:00

seen advancing on kyiv is much longer than earlier thought. the uk has asked its ports to block access to all russian flagged, registered or owned ships. in a further ratcheting up of sanctions, the uk s transport secretary grant shapps wrote to the country s port operators, telling them the government will try to pass legislation prohibiting their arrival. russian vessels are regularly used to transport oil and gas to the uk, so denying them access is likely to have an impact on the country s economy. joining me now is peter aylott, director of policy at the uk chamber of shipping. good morning to you. did you get a call from government yesterday about this? good mornin: yesterday about this? good morning and yesterday about this? good morning and thank- yesterday about this? good morning and thank you. - yesterday about this? good morning and thank you. we yesterday about this? good - morning and thank you. we did not get a direct call, we got a letter. the letter itself was an ask

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