EU imposes sanctions on Russian LNG

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EU imposes sanctions on Russian LNG
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First-ever measures against Russia’s gas part of latest restrictions against Moscow

The EU has agreed its first sanctions against Russian gas by targeting the country’s lucrative liquefied natural gas shipments, as part of its latest package of restrictions against Moscow in response to its invasion of Ukraine. The deal struck between member state ambassadors on Thursday will prohibit Russian exporters from using EU ports to transfer gas between large tankers and smaller vessels destined for third countries. But it falls short of a full ban on EU states purchasing the fuel.

The package, which is the 14th set of measures against Moscow since the outbreak of war against Ukraine, was intended to be agreed last week before a summit of G7 leaders and a conference dedicated to discussing Ukraine’s peace proposals. But it was delayed due to resistance from Germany over agreeing a separate provision that tightened restrictions on companies whose goods end up in Russia.

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