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US Unveils New Sanctions Package on Russian Energy

RUSSIA

The US unveiled a new package of sanctions against Russia Feb. 23 , in response to the death of opposition figure Alexei Navalny and to mark the second anniversary of Russia’s invasion of Ukraine.

  • The US is further targeting the Arctic-2 LNG project, already hit by previous sanctions in November.
  • The new package has sanctioned the Zvezda shipbuilding company, which is constructing 15 ice-class LNG tankers for use in exports from Arctic LNG-2.
  • Two firms were also sanctioned for involvement in development and operations of the LNG complex at Ust Luga on the Baltic Sea.

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