EU Imposes First Sanctions on Russian LNG

1 min read
Source: Reuters
EU Imposes First Sanctions on Russian LNG
Photo: Reuters
TL;DR Summary

The European Union has agreed on a 14th package of sanctions against Russia, including the first restrictions on Russian liquefied natural gas (LNG). The sanctions ban re-exports of Russian LNG in EU waters but do not prohibit imports. The package also targets three Russian LNG projects and allows Sweden and Finland to cancel Russian LNG contracts. Additionally, it tightens measures against Russia's shadow fleet and adds new entities and individuals to the sanctions list. The package is expected to be formally approved by EU foreign ministers on Monday.

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