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EU-RUSSIA: Ten EU Nations Call For Tougher Sanctions On Russian LNG

EU-RUSSIA
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Bloomberg reporting that ten European Union nations are, “pushing to toughen sanctions against Russia by introducing further restrictions on natural gas and bolstering the enforcement of a price cap on oil.”

  • According to Bloomberg, the group which includes Sweden, Ireland, Poland, Lithuania, Latvia, Estonia, Denmark, Finland, the Czech Republic and Romania, “want to prohibit imports of pipeline and liquefied natural gas to the bloc to limit the revenues that the Kremlin uses to finance the war in Ukraine.”
  • The group said in a document seen by Bloomberg: “As an end goal, it is necessary to ban the import of Russian gas and LNG at the earliest date possible. An alternative to the full ban could be to gradually reduce the use of Russian gas and LNG as has also already been set out in the RePowerEU Roadmap.”
  • The document adds: “In any event, the Russian LNG tanker fleet needs to be subject to targeted sanctions prohibiting docking and maritime services on EU territory.”
  • Bloomberg notes that restrictive measures, “require unanimous approval from the EU’s 27 member states, which has become an increasingly difficult hurdle with Hungarian Prime Minister Viktor Orban openly skeptical of such steps.”
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Bloomberg reporting that ten European Union nations are, “pushing to toughen sanctions against Russia by introducing further restrictions on natural gas and bolstering the enforcement of a price cap on oil.”

  • According to Bloomberg, the group which includes Sweden, Ireland, Poland, Lithuania, Latvia, Estonia, Denmark, Finland, the Czech Republic and Romania, “want to prohibit imports of pipeline and liquefied natural gas to the bloc to limit the revenues that the Kremlin uses to finance the war in Ukraine.”
  • The group said in a document seen by Bloomberg: “As an end goal, it is necessary to ban the import of Russian gas and LNG at the earliest date possible. An alternative to the full ban could be to gradually reduce the use of Russian gas and LNG as has also already been set out in the RePowerEU Roadmap.”
  • The document adds: “In any event, the Russian LNG tanker fleet needs to be subject to targeted sanctions prohibiting docking and maritime services on EU territory.”
  • Bloomberg notes that restrictive measures, “require unanimous approval from the EU’s 27 member states, which has become an increasingly difficult hurdle with Hungarian Prime Minister Viktor Orban openly skeptical of such steps.”