Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.

euractiv. 14th EU Russia sanctions package includes first-ever third-country LNG restrictions

...The new restrictions under the package will not hit the majority of Russia's liquid natural gas (LNG) exports to the EU. However, the ban on trans-shipments is the first restriction the bloc has applied to LNG, a first-ever far-reaching measure that would have once seemed unthinkable in terms of reaching unanimity at the EU level. Now, ports [sic] in the EU will not be allowed to resell Russian LNG, and financing Russia's planned Arctic and Baltic LNG terminals will be blocked....
euronews | EU agrees new sanctions on Russia, targeting LNG for the first time
...About 22% of these supplies (4.4 bcm) were trans-shipped globally, with 1.6 bcm sent to other member states, CREA says. The rest went to China, India, Türkiye, and other clients.
"This hard-hitting package will further deny Russia access to key technologies," said European Commission President Ursula von der Leyen. "It will strip Russia of further energy revenues. And tackle Putin's shadow fleet and shadow banking network abroad."
eunew.it | 14th sanctions package targets EU sale of LNG from Moscow to third-countries
...Official approval and publication of the package will have to wait for the EU Foreign Affairs Council on Monday, June 24. However, EU sources say the sanctions will affect "more than 100 new persons and eNtITieS, for a total of over 2,200," and include measures to cut back on "imports, investments, and transshipments of LNG."
The agreement reached today by EU ambassadors does not include an outright import ban: European companies will still be able to purchase Russian LNG, but [they] will be prohibited to re-export (or transshipment) it to other countries....
by Cat on Thu Jun 20th, 2024 at 07:50:26 PM EST
[ Parent ]

Others have rated this comment as follows:

Oui 4


Occasional Series