EU targets liquefied gas sector in new sanctions package against Russia

EU targets liquefied gas sector in new sanctions package against Russia

The European Union agreed this Thursday on a new package of sanctions against Russia for his offensive in Ukrainewhich for the first time are targeting the lucrative Russian liquefied natural gas sector, according to bloc officials.

The new measures, which are due to be formally adopted on Monday, aim to further slow the Russian president’s war effort. Vladimir Putin against Ukraine.

“This package of strong measures will further prevent Russia from accessing key technologies,” the president of the European Commission congratulated, Ursula von der Leyen, in X.

Also “will deprive Russia of more energy revenue and confront Putin’s ghost fleet and offshore banking network”Von der Leyen added.

The measures include the prohibition of the transshipment of liquefied natural gas (LNG) in the European Union, according to the document listing the sanctions, a copy of which AFP obtained.

European ports are important for Russia as the Old Continent offers a key route for LNG exports from Arctic ports to Asian markets during the winter.

Ports in Belgium, France, the Netherlands and Spain are the main delivery points for LNG from Russia’s Siberian Yamal Peninsula.

The package also includes measures to make it more difficult for Russia use a “ghost fleet” of ships to circumvent EU sanctions on Russian oil.

They also include measures against the financial transaction system, SPFS, created by Russia after being excluded from the SWIFT international interbank financial system.

Source: Gestion

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