EU targets Russian LNG exports in new sanctions package

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The European Commission has drafted a proposal for the 14th package of EU sanctions against Russia, which includes restrictions on imports of Russian liquefied natural gas (LNG), Polish public broadcaster Polskie Radio 24 reported on May 6.

According to the report, the proposal bans the transit of Russian LNG to third countries through EU ports. Belgian, French, and Spanish ports currently facilitate the bulk of Russian LNG transit through the EU.

The LNG import ban would also apply to terminals in the EU that are not integrated into the European gas network. The sanctions will also target Russia’s Arctic and Murmansk LNG projects.

Additionally, the European Commission aims to impose sanctions on several vessels from the so-called "shadow fleet" that continue to transport Russian oil despite existing restrictions.

Read also: Finland plans to halt Russian gas imports by 2025

Over 50 non-EU companies, based in China, Hong Kong, Turkey, and Kyrgyzstan, will also be targeted for supplying Moscow with Western technologies in violation of the sanction regime.

The financing of EU political parties, foundations, NGOs, and research centers by Russia will also be banned.

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Read the original article on The New Voice of Ukraine