EU Sanctions Ships That Moved LNG From Russia’s Yamal Plant

The Yamal LNG plant in Sabetta, Russia.

Source: Bloomberg

The European Union imposed sanctions on three vessels that helped move gas cargoes from Russia’s Yamal LNG project, further squeezing Moscow’s energy revenues.

The North Moon, North Ocean and North Light were included in the 17th package of sanctions adopted by the European Council on Tuesday. The vessels are managed by Tokyo-based Mitsui OSK Lines Ltd., a leading operator of LNG carriers, according to shipping database Equasis.