Ministers have been warned that they will have to contend with record-breaking gas and petrol prices in the event of a Russian invasion of Ukraine.
Senior government officials expect Russia to “weaponise” its natural resources by restricting supplies of gas to Europe if the West carries out its threat to impose sanctions.
Ministers have been involved in top-level discussions to assess the impact that a reduced supply of gas from Russia would have on prices in Britain.
The senior officials say that there is no direct risk of gas shortages, but the conflict would push prices from the present historic highs to new record levels. “Unlike some countries the UK hardly imports any Russian gas,” one official said. “But like all countries we are exposed
