EU Agrees First Russia Sanctions Hitting Some LNG Shipments
- Sanctions ban transshipment of Russian LNG in bloc’s ports
- Measures won’t affect Russian LNG shipments for European Use
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The European Union has approved a new package of sanctions over Russia’s invasion of Ukraine, seeking to tighten the enforcement of restrictions by widening the scope of measures to its network of accomplices and hit Moscow’s revenues.
The measures target Russia’s shadow fleet of tankers, and transshipments of liquefied natural gas to third countries. While this is the EU’s first move to restrict Russian LNG operations, the bloc will still allow deliveries of the fuel from Moscow to the region.