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Europe Explores Russia Related LNG Sanctions

LNG

The EU is exploring the possibility of banning Russian LNG trans-shipment in the upcoming 14th package of sanctions since the Ukraine invasion.

  • The package will seek to limit Russia's revenues from LNG sales by prohibiting the use of EU facilities to trans-ship Russian LNG according to Reuters reports.
  • The proposals also include a ban on the use of EU ports and locks for vessels that contribute to Russia's war effort.
  • EU operators would also be held accountable if non-EU entities they own or control flout sanctions.
  • The measures are currently in debate by EU members after proposals were presented on Friday.

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