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A Potential EU Transshipment Ban on Russia Would Not His Asia: Commissioner

LNG

The proposed EU ban on Russian LNG transshipments would not pose a problem from Asia according to the EU Commissioner Kadri Simson.

  • The potential ban is part of current discussions for the 14th sanctions package against Russia since the invasion of Ukraine.
  • The European Union has proposed to ban re-loading services by EU facilities for trans-shipment of Russian LNG to third countries. This does not affect imports into the EU.
  • "This will not impose problems for Asian consumers: LNG market now is a liquid market and it is possible to replace volumes even if Russia will not find alternative transport means," Simson said.
  • Diplomats are understood to be trying to push the deal ahead of the Hungary Presidency in July. Hungary has long been opposed to sanctions against Russia and has caused the EU problems in pushing deals over the line.
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