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No LNG Ban in Next EU Russia Sanctions

ENERGY

The European Commission proposal for the next package of sanctions on Russia could arrive as early as this week but will not include add any new import bans according to Reuters citing EU diplomats.

  • Russian LNG and nuclear fuel sanctions are considered off the table for now with no unanimous agreement across the EU countries.
  • Once the 13th sanctions package is passed, the Commission will quickly propose a 14th set of measures.
  • The EU Council and European Parliament on Dec 8 reached a provisional political agreement for member states to have the legal power to individually block Russian gas imports.
  • European Commission has urged member states to reduce imports and find alternatives as the EU aims to wean itself off Russian fossil fuels by 2027.
Energy BulletsCommodities
Energy BulletsCommodities

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